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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

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 $ 2,881 $ 2,757 Accounts payable $ 2,208 $ 2,710
Accounts receivable 4,712 5,671 Notes payable 1,805 2,226
Inventory 12,698 13,672 Other 101 118
Total $ 20,291 $ 22,100 Total $ 4,114 $ 5,054
Long-term debt $ 14,400 $ 17,160
Owners equity
Common stock
and paid-in surplus $ 43,500 $ 43,500
Fixed assets Accumulated retained earnings 15,709 39,915
Net plant and equipment $ 57,432 $ 83,529 Total $ 59,209 $ 83,415
Total assets $ 77,723 $ 105,629 Total liabilities and owners equity $ 77,723 $ 105,629

SMOLIRA GOLF, INC. 2019 Income Statement
Sales $ 189,570
Cost of goods sold 127,303
Depreciation 5,223
EBIT $ 57,044
Interest paid 1,320
Taxable income $ 55,724
Taxes 19,503
Net income $ 36,221
Dividends $ 12,015
Retained earnings 24,206

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.)

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