Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets Fixed assets Net plant and equipment $334,695 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $ 23,046 $25,100 13,448 16,200 26,822 28,100 $63,316 $69,400 $ 364,600 $ 398,011 $ 434,000 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 $24,184 $28,100 20,000 11,800 12,571 19,100 $ 56,755 $59,000 $79,000 $83,424 $48,000 $ 48,000 214,256 243,576 $ $ 262,256 291,576 $ 398,011 434,000 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 Dividends Retained earnings $ 20,000 29,320 349,760 241,500 27,200 $ 81,060 15,300 $ 65,760 16,440 $ 49,320 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: 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 2020 times times times 2020 times times times times times times 2021 2021 times times times times times times j. Times interest earned k. Cash coverage ratio Profitability ratios: I. Profit margin m. Return on assets n. Return on equity % % % times times