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 $ 32,653 $ 39,350 Accounts payable 16,911 28,877 Notes payable 34,495 44,336 Other $ 34,886 $ 44,285 18,058 16,848 18,871 25,619 Total $ 84,059 $ 112,563 Total $ 71,815 $ 86,752 Long-term debt $ 110,000 $ 140,000 Owners' equity Common stock and paid-in surplus $ 55,000 $ 55,000 Accumulated retained earnings 288,343 333,683 Fixed assets Net plant and equipment $ 441,099 $ 502,872 Total $ 343,343 $ 388,683 Total assets $ 525,158 $ 615,435 Total liabilities and owners' equity $ 525,158 615,435 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation $ 531,750 377,294 46,686 $ 107,770 Earnings before interest and taxes Interest paid 20,650 Interest paid 20,650 Taxable income Taxes (25%) $ 87,120 21,780 Net income $ 65,340 Dividends Retained earnings $ 20,000 45,340 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 b. Quick ratio times times 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 times j. Times interest earned k. Cash coverage ratio times % Profitability ratios: 1. Profit margin m. Return on assets n. Return on equity % %