Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Current liabilities. Inventory Total $ 2,851 4, 707 12, 718 $20, 276 $ 2,707 Accounts payable 5,661 13,662 $ 22,030 Notes payable Other $ 2,213 1,810 102 Total $ 4,125 $ 2,720 2,236 119 $ 5,075 Long-term debt $14,500 $ 17,260 Owners' equity Fixed assets Common stock and paid-in surplus Accumulated retained earnings Net plant and equipment Total assets $58, 063 $78, 339 $ 84,293 Total $44,000 15,714 $59, 714 $ 44,000 39, 988 $ 83,988 $106, 323 Total liabilities and owners' equity $78, 339 $106,323 SMOLIRA GOLF, INC. 2016 Income Statement Sales $189, 770 Cost of goods sold 127, 403 Depreciation 5, 213 EBIT $ 57, 154 Interest paid Taxable income 1, 310 $ 55,844 Taxes 19, 545 Net income $ 36,299 Dividends Retained earnings $12, 025 24, 274 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 Short-term solvency ratios a. Current ratio 4.92 times 4.34 times 1.83 times 1.65 times b. Quick ratio c. Cash ratio 0.69 times 0.53 times Asset utilization ratios 2.06 times d. Total asset turnover 9.66 times e. Inventory turnover f. Receivables turnover Long-term solvency ratios 36.61 times g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio 0.19 times 0.16 times times times times times times times Profitability ratios 1. Profit margin m. Return on assets n. Return on equity