Some recent financial statements for Smolira Golf Corporation follow. 2020 2021 Assets Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity Current liabilities $ 24,236 $ 26,000 Accounts payable 14,348 17,100 Notes payable 27,892 29,000 Other $ 25,084 $ 29,000 19,000 12,700 13,471 18,300 Total $ 66,476 $72,100 Total $ 57,555 $ 60,000 Long-term debt $ 88,000 $ 87,698 Owners' equity Common stock and pald-in surplus $ 45,000 $ 45,000 Accumulated retained earnings 219,616 244,302 Fixed assets Net plant and equipment $343,695 $ 264,616 Total 364,900 289,302 Total assets $ 410,171 $ 437,000 Total liabilities and owners' equity $ 410,171 $ 437,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation $ 392,640 257,000 48,800 Earnings before interest and taxes Interest paid $ 86,840 16,200 Taxable income Taxes (24%) $ 70,640 16,954 Net income $ 53,686 Dividends Retained earnings $ 29,000 24,686 Find the following financial ratios for Smolira Golf Corporation (use year-end figures rather than average values where appropriate): (Enter the profitability ratio answers as a percent rounded to 2 decimal places, e.g., 32.16. Round the remaining answers to 2 decimal places, e.g., 32.16.) 2021 Short-term solvency ratios: a. Current ratio b. Quick ratio c. Cash ratio 2020 times times times times times times times Asset utilization ratios: d. Total asset turnover e. Inventory tumover f. Receivables turnover times times 2021 Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier 2020 times times times times times times times j. Times interest earned k. Cash coverage ratio times Profitability ratios: 1. Profit margin m. Retum on assets n. Return on equity % % %