Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2009 and 2010 2009 2010 2009 2010 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 3,001 $ 2,957 Accounts payable $ 2,188 $ 2,670 Accounts receivable 4,732 5,711 Notes payable 1,785 2,186 Inventory 12,618 13,712 Other 97 114 Total $ 20,351 $ 22,380 Total $ 4,070 $ 4,970 Long-term debt $ 14,000 $ 16,760 Owners equity Common stock and paid-in surplus $ 41,500 $ 41,500 Fixed assets Accumulated retained earnings 15,689 39,623 Net plant and equipment 54,908 80,473 Total $ 57,189 $ 81,123 Total assets $ 75,259 $ 102,853 Total liabilities and owners equity $ 75,259 $ 102,853 SMOLIRA GOLF, INC. 2010 Income Statement Sales $ 188,770 Cost of goods sold 126,903 Depreciation 5,263 EBIT $ 56,604 Interest paid 1,360 Taxable income $ 55,244 Taxes 19,335 Net income $ 35,909 Dividends $ 11,975 Retained earnings 23,934 Required: Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not include the percent signs (%). Round your answers to 2 decimal places (e.g., 32.16).) 2009 2010 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 h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio times k. Cash coverage ratio times Profitability ratios l. Profit margin % m. Return on assets % n. Return on equity %