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 $ 24,206 $ 25,700 Accounts payable 14,048 16,800 Notes payable 27,622 28,700 Other $ 24,784 $ 28,700 13,000 12,400 13,171 15,900 Total $ 65,876 $ 71,200 Total $ 50,955 $ 57,000 Long-term debt $ 85,000 $ 95,455 Owners' equity Common stock and paid-in surplus $ 40,000 $ 40,000 Accumulated retained earnings 230,616 240,545 Fixed assets Net plant and equipment $ 340,695 $ 361,800 Total $ 270,616 $ 280,545 Total assets $ 406,571 $ 433,000 Total liabilities and owners' equity $ 406,571 $ 433,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales $ 369,230 260,500 47,350 Cost of goods sold Depreciation $ 61,380 Earnings before interest and taxes Interest paid 15,900 Taxable income Taxes (21%) $ 45,480 9,551 Net income $ 35,929 Dividends Retained earnings $ 26,000 9,929 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: times d. Total asset turnover e. Inventory turnover f. Receivables turnover times 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 %