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 $ 24,066 $ 24,300 Accounts payable 12,648 15,400 Notes payable 25,642 27,300 Other $ 23,384 $ 27,300 13,000 11,000 11,771 16,700 Total $ 62,356 $ 67,000 Total $ 48,155 $ 55,000 Long-term debt $ 71,000 $ 83,103 Owners' equity Common stock and paid-in surplus $ 42,000 $ 42,000 Accumulated retained earnings 227,896 248,897 Fixed assets Net plant and equipment $ 326,695 $ 362,000 Total $ 269,896 290,897 Total assets $ 389,051 Total liabilities and owners' equity $ 389,051 429,000 429,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales $ 369,630 253,500 46,500 Cost of goods sold Depreciation $ 69,630 Earnings before interest and taxes Interest paid 14,500 Taxable income Taxes (22%) $ 55,130 12,129 Net income $ 43,001 Dividends Retained earnings $ 22,000 21,001 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.) 2020 2021 Short-term solvency ratios: a. Current ratio times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios: d. Total asset turnover times times e. Inventory turnover f. Receivables turnover times 2020 2021 times times Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times j. Times interest earned times k. Cash coverage ratio times Profitability ratios: I. Profit margin % m. Return on assets % n. Return on equity %