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	$ 24,086	$ 24,500	Accounts payable	$ 23,584	$ 27,500
Accounts receivable	12,848	15,600	Notes payable	15,000	11,200
Inventory	26,042	27,500	Other	11,971	18,300
Total	$ 62,976	$ 67,600	Total	$ 50,555	$ 57,000
			Long-term debt	$ 60,000	$ 61,565
			Owners’ equity
			Common stock and paid-in surplus	$ 44,000	$ 44,000
			Accumulated retained earnings	237,116	267,435
Fixed assets
Net plant and equipment	$ 328,695	$ 362,400	Total	$ 281,116	$ 311,435
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		254,500
Depreciation		32,800
Earnings before interest and taxes		$ 86,173
Interest paid		14,700
Taxable income		$ 71,473
Taxes (24%)		17,154
Net income		$ 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:
l. Profit margin		%
m. Return on assets		%
n. Return on equity		%