Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 32,653 $ 39,350 Accounts payable Accounts receivable 16,911 28,877 Notes payable Inventory 34,495 44,336 Other 2020 2021 $ 34,886 $ 44,285 18,058 16,848 18,871 25,619 Total $ 84,059 $ 112,563 Total $ 71,815 $ 86,752 Long-term debt $ 110,000 140,000 Owners' equity Common stock and paid-in surplus $ 55,000 $ 55,000 Accumulated retained earnings 288,343 333,683 Fixed assets Net plant and equipment $441,099 $ 502,872 Total $ 343,343 $ 388,683 Total assets $ 525,158 $ 615,435 Total liabilities and owners' equity $ 525,158 615,435 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation $ 531,750 377,294 46,686 Earnings before interest and taxes Interest paid $ 107770 20,650 Taxable income Taves (25% $ 87120 21780 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation $ 531,750 377,294 46,686 Earnings before interest and taxes Interest paid $ 107,770 20,650 Taxable income Taxes (25%) $ 87,120 21,780 Net income $ 65,340 Dividends $ 20,000 Retained earnings 45,340 Find the following financial ratios for Smolira Golf Corporation (use Jear-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.) 2020 2021 times Short-term solvency ratios: a. Current ratio b. Quick ratio c. Cash ratio times times times times times Asset utilization ratios: d. Total asset turnover times Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover times times times 2020 2021 Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier times times times times times times 7 j. Times interest earned k. Cash coverage ratio times times Profitability ratios: 1. Profit margin m. Return on assets n. Return on equity % % %