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 $ 2.971 $ 2,907 Accounts payable $ 2,193 $ 2.680 Accounts receivable 4.727 5,701 Notes payable 1,790 2.196 Inventory 12.638 13,702 Other 98 115 Total $20.336 $ 22,310 Total $ 4,081 $ 4.991 $ 14,100 $16,860 Long-term debt Owners' equity Common stock and paid-in surplus - Accumulated retained earnings 42,000 $42.000 $ 39.696 Fixed assets 15.694 Net plant and equipment $55,539 $ 81,237 Total $ 57.694 $81,696 Total assets $75.875 $103.547 Total liabilities and owners' equity $75.875 $ 103.547 SMOLIRA GOLF, INC. 2019 Income Statement Sales 188.970 $ 127,003 Cost of goods sold Depreciation 5.253 EBIT Interest paid $ 56.714 1,350 Taxable income Taxes $ 55,364 19.377 Net income $35.987 Dividends Retained earings $ 11,985 24.002 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round Intermedlate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratlos as a percent.) 2018 2019 Short-term solvency ratios a. Current ratio b. Quick ratio times times times times c. Cash ratio times times times times times times times Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio Ih. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin Im . Return on assets n. Return on equity times times times times times times %6 % %