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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 Lidbilities and Owners' Equity Current liabilities $ 2,941 $ 2,857 Accounts payable $ 2,198 $ 2,690 4,722 5,691 Notes payable 1,795 2,206 12,658 13,692 Other 99116 Current assets Cash Inventory Total $20,321 $22,240 Total $ 4,092 $ 5,012 $ 14,200 $16,960 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $42,500 $ 42,500 15,699 39,769 Fixed assets Net plant and equipment $56,170 $ 82,001 Total $ 58,199 $ 82,269 Total assets 44 Total liabilities and owners' $76,491 $104,241 equity uit $ 76,491 $ 104,241 SMOLIRA GOLF, INC. 2019 Income Statement Sales $189,170 Cost of goods sold 127,103 Depreciation 5,243 EBIT Interest paid $56,824 1,340 Taxable income Taxes $55,484 19,419 Net income $36,065 Dividends Retained earnings $ 11,995 24,070 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 tirges times times times Short-term solvency ratios a. Current ratio b. Quick ratio C. Cash ratio Asset utilization ratios d. Total asset turnover Inventory turnover Receivables turnover Long-term solvency ratios Total debt ratio h. Debt-equity ratio Equity multiplier Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets n. Return on equity 9. times times times times times times times times

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