Some recent financial statements for Smolira Golf, Inc., follow. 2016 Assets Current assets Cash Accounts receivable Inventory Total Notes payable SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Liabilities and Owners' Equity Current liabilities $ 3,091 S 3,107 Accounts payable $ 2,173 4.747 5,741 1,770 12,558 13,742 Other 94 $20,396 S 22,590 Total S 4,037 Long-term debt $13,000 Owners' equity Common stock and paid-in surplus $40,000 Accumulated retained eamings 15,674 $52.315 $ 77,481 Total S55,674 $72.711 $100,071 Total liabilities and owners' equity S72,711 $ 2,640 2,156 111 $ 4,907 S 15,760 Fixed assets Net plant and equipment Total assets S 40,000 39,404 $ 79,404 $100,071 SMOLIRA GOLF, INC. 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends $ 11,945 Retained earnings 23,730 $188,170 126,603 5,293 $ 56,274 1,390 $ 54,884 19,209 $ 35,675 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 g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets n. Return on equity times times times times times times times times % % %