Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current assets Current liabilities $ $ $ $ Cash Accounts payable 24,086 24,500 23,584 27,500 Accounts 12,848 15,600 receivable Inventory Notes payable 15,000 11,200 26,042 27,500 Other 11,971 18,300 $ $ $ $ Total Total 62,976 67,600 50,555 57,000 $ $ Long-term debt 60,000 61,565 Owners' equity Common stock and paid-in surplus $ $ 44,000 44,000 Long-term debt Owners' equity $ $ 60,000 61,565 Common stock and paid-in $ $ surplus 44,000 44,000 Accumulated retained 237,116 267,435 earnings $ Total $ $ 281,116 311,435 Fixed assets Net plant and equipment $ 328,695 362,400 Total assets $ 391,671 430,000 $ Total liabilities and owners' equity $ $ 391,671 430,000 SMOLIRA GOLF CORPORATION 2021 Income Statement $ Sales 373,473 Cost of goods sold Depreciation 254,500 32,800 Earnings before interest $ 86,173 and taxes Interest paid Taxable income Taxes (24%) 14,700 Net income $ 71,473 17,154 $ 54,319 $ Dividends 24,000 Retained earnings 30,319 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 times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios: d. Total asset turnover times e. Inventory turnover times f. Receivables turnover times Long-term solvency ratios: 2020 2021 g. Total debt ratio times times h. Debt-equity ratio times times i. Equity multiplier times times j. Times interest earned times k. Cash coverage ratio times Profitability ratios: I. Profit margin m. Return on assets n. Return on equity % % %