Some recent financial statements for Smolira Golf, Inc., follow. Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2013 2014 Assets Current liabilities $4,607 $4,910 Accounts payable 6,702 8,149 Notes payable Other 17,357 19,350 $28,666 $32,409 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $58,688 $ 76,810 Total $87,354 $109,219 Total liabilities and owners' equity 2014 $3,413 $3,846 2,768 3,416 138 165 $6,319 $ 7,427 $22,500 $ 19,000 $38,000 $38,000 20,535 44,792 $58,535 $82,792 $ 87,354 $109,219 2013 Liabilities and Owners' Equity SMOLIRA GOLF, INC. 2014 Income Statement $ 205,227 138,383 5,910 $ 60,934 1,617 $ 59,317 income Taxes 20,760 Net income $ 38,557 Dividends $14,300 Retained 24,257 earnings for year 2014, the current ratio istimes (keep two decimals for final results) Numeric Response Sales Cost of goods sold Depreciation EBIT Interest paid Taxable