Some recent financial statements for Smolira Golf, Inc., follow, SMOLIRA GOLFINC Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Llabilitles and Owners' Equity Current assets Current liabilities Cash $ 3,151 $ 3,207 Accounts payable $ 2,163 $ 2,620 Accounts recelvable 4,757 5761 Notes payable 1,760 2,136 Inventory 12,518 13,762 Other 92 109 Total $20.426 $22,730 Total $ 4,015 $ 4,865 $ 13,200 $15.960 Long-term debt Owners' equity Common stock and pald-in surplus Accumulated retained earnings $39.000 $ 39,000 15,664 39,258 Fixed assets 78,258 Net plant and equipment $ 51,453 $76,353 Total $54,564 $ Total assets $ 71,879 $99,083 Total Habilities and owners! equity $ 71,879 $ 99,083 SMOLIRA GOLF INC. 2019 Income Statement Sales $187770 126,403 Cost of goods sold Depreciation 5,313 EBIT $56,054 Interest pold 1,410 Fixed assets Accumulated retained earnings 15,664 39,258 Net plant and equipment $ 51,453 $76,353 Total 78,258 $54,664 $ Total assets $ 71,879 $99,083 Total liabilities and owners' equity $ 71,879 $ 99,083 SMOLIRA GOLF, INC. 2019 Income Statement Sales $187770 Cost of goods sold 126,403 Depreciation 5,313 EBIT Interest paid $56,054 1.410 Taxable income Taxes $54,644 19,125 Net Income $ 35,519 Dividends Retained earnings $ 11,925 23,594 Find the following financial ratios for Smoliro Golf (use year-end figures rather than average values where appropriate (Do not round Intermediate colculations and round your onswers to 2 decimal places, e.g. 32.16. Enter the profitability rotios as a percent.) 2018 2019 Short-torm solvency ratos INA Dividends Retained earnings $ 11,925 23,594 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.) 2018 2019 timos times timos timos times timos timos times timos Short-term solvency ratios a. Current ratio b. Quick ratia C. Cash ratio Assef utilization ratios d. Total assot tumovor e Inventory tumover f. Reocivablos tumover Long-term solvency ratios 9 Total debt ratio h. Debl-equity ratio 1. Equity multiplier |j. Timos interest oarned ratio K Cash coverage ratio Profitability ratios 1. Profit margin m. Rotum on 3sots n. Rotum on cquity timos timos timos timos simos timos timos timos % % %