Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 4,607 $ 4,910 Accounts payable $ 3,413 $ 3,846 Accounts receivable 6,702 8,149 Notes payable 2,768 3,416 Inventory 17,357 19,350 Other 138 165 Total $ 28,666 $ 32,409 Total $ 6,319 $ 7,427 Long-term debt $ 22,500 $ 19,000 Owners equity Common stock and paid-in surplus $ 38,000 $ 38,000 Fixed assets Accumulated retained earnings 20,535 44,792 Net plant and equipment $ 58,688 $ 76,810 Total $ 58,535 $ 82,792 Total assets $ 87,354 $ 109,219 Total liabilities and owners equity $ 87,354 $ 109,219 SMOLIRA GOLF, INC. 2014 Income Statement Sales $ 205,227 Cost of goods sold 138,383 Depreciation 5,910 EBIT $ 60,934 Interest paid 1,617 Taxable income $ 59,317 Taxes 20,760 Net income $ 38,557 Dividends $ 14,300 Retained earnings 24,257 Required: Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) 2013 2014 Short-term solvency ratios a. Current ratio times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios d. Total asset turnover times e. Inventory turnover times f. Receivables turnover times Long-term solvency ratios g. Total debt ratio times h. Debt-equity ratio times i. Equity multiplier times j. Times interest earned ratio times k. Cash coverage ratio times Profitability ratios l. Profit margin % m. Return on assets % n. Return on equity %