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 Cash Accounts receivable Inventory $ 4,607 $ 4,910 6,702 8,149 17,357 19,350 Current liabilities Accounts payable Notes payable Other Total $28,666 $32,409 Total Long-term debt Owners' equity Common stock $ 3,413 $ 3,846 2,768 138 $ 6,319 $ 7,427 $22,500 $ 19,000 3,416 165 and paid-in surplus $38,000 $ 38,000 Fixed assets Accumulated retained earnings 20,535 44,792 Net plant and $ 58,688 $ 76,810 Total $58,535 $ 82,792 equipment Total assets $87,354 $109,219 Total liabilities and owners' $87,354 $ 109,219 equity Sales Cost of SMOLIRA GOLF, INC. 2014 Income Statement $ 205,227 138,383 goods sold Depreciation 5,910 EBIT $ 60,934 Interest paid 1,617 SMOLIRA GOLF, INC. 2014 Income Statement Sales $ 205,227 Cost of 138,383 goods sold 71 Depreciation 5,910 EBIT $ 60,934 Interest paid 1,617 Taxable $ 59,317 income Taxes 20,760 Net income $ 38,557 Dividends $14,300 Retained earnings 24,257 for year 2014, the current ratio is times (keep two decimals for final results) Numeric Response