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Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019

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Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 3,231 $ 3,357 Accounts payable $ 2,148 $ 2.590 Accounts receivable 4,772 5,791 Notes payable 1.745 2,106 Inventory 12,458 13,792 Other 89 106 Total $20,461 $22,940 Total $ 3,982 $ 4,802 $13,500 $16,260 Long-term debt Owners' equity Common stock $37,500 $ 37,500 and paid-in surplus Accumulated retained earnings Fixed assets 15,649 39,039 Net plant and equipment $50,170 $ 74,661 Total $ 53,149 $ 76,539 Total assets $ 70.631 $ 97601 Total liabilities and owners' equity $ 70,631 $ 97,601 SMOLIRA GOLF, INC. 2019 Income Statement Sales $ 187,170 Cost of goods sold 126,103 Depreciation 5,343 EBIT Interest paid $ 55,724 1.440 Taxable income Taxes $54,284 18,999 Net income $35,285 Dividends Retained earnings $ 11,895 23,390 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 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 Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio Equity multiplier Times interest earned ratio k. Cash coverage ratio Profitability ratios Profit margin Return on assets Return on equity times times times times times times times times I. Es

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