Some recent financial statements for Smolira Golf, Inc., follow. 2015 2016 Assets Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2015 2016 Liabilities and Owners' Equity Current liabilities $ 3,251 $ 3,407 Accounts payable 4,777 5.801 Notes payable 12 438 13,802 Other $20,466 $23,010 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained eamings $49 749 $74,097 Total $70,215 $97 107 Total liabilities and owners' equity $ 2.143 - 1,740 8.8 $ 3.971 $13,600 $37,000 15 644 $52,644 $70 215 $ 2,580 2,096 105 $ 4,781 $16,360 $37.000 38 966 $75,966 $97, 107 Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INC 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends $11.885 Retained earnings 23,322 $186 970 126,003 5353 $ 55,614 1,450 $ 54,164 18 957 $ 35,207 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate) (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) 2015 2016 times times times times times times times times times 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 9. Total debt ratio h. Debt-equity ratio i. Equity multiplier 1. Times interest earned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin m Return on assets n. Return on equity times times times times times times times times