Some recent financial statements for Smolira Golf Corporation follow. Assets 2020 Current assets Cash $24,246 $26,100 Accounts receivable Inventory 14,448 27,992 17,200 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2020 2021 29,100 Other Total $ 66,686 $72,400 Total $25,184 $29,100 20,000 12,800 13,571 18,100 $ 58,755 $60,000 Long-term debt $ $ 89,000 103,648 Owners' equity Common stock and paid-in surplus $50,000 $50,000 Accumulated retained earnings 213,626 223,352 Fixed assets Net plant and equipment $344,695 $ 364,600 $ Total $ 263,626 273,352 $ Total assets $ 411,381 $437,000 Total liabilities and owners' equity $ 411,381 437,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) Net income $ 360,968 262,500 29,200 $ 69,268 16,300 $ 52,968 13,242 $ 39,726 Dividends Retained earnings $ 30,000 9,726 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 a. Current ratio 1.13 times b. Quick ratio c. Cash ratio 0.66 times 1.21 times 0.72 times 0.41 times 0.44 times