Some recent financial statements for Smolira Golf Corporation follow. 2020 Assets Current assets Cash $32,653 $39,350 16,911 28,877 34,495 44,336 $84,059 $112,563 $441,099 $ 502,872 $ 525,158 $615,435 Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2020 2021 $34,886 $44,285 18,058 16,848 18,871 25,619 $71,815 $86,752 $ 110,000 140,000 $55,000 $ 55,000 288,343 333,683 $ 343,343 388,683 $ 525,158 615,435 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales $ 531,750 Cost of goods sold Depreciation 377,294 46,686 Earnings before interest and taxes $ 107,770 Interest paid 20,650 Taxable income Taxes (25%) $ 87,120 21,780 Net income $ 65,340 Dividends $ 20,000 45,340 Retained earnings 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.) Short-term solvency ratios: 2020 2021 times times times times times times a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned k. Cash coverage ratio Profitability ratios: 1. Profit margin m. Return on assets n. Return on equity times times % % de % times times times 2020 times times times 2021 times times times