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 $ 3,061 $ 3,057 Accounts payable $ 2,178 $ 2,650 Accounts receivable 4,742 5,731 Notes payable 1,775 2,166 Inventory 12,578 13,732 Other 95 112 Total $ 20,381 $ 22,520 Total $ 4,048 $ 4,928 $ 12,900 $15,660 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $40,500 $ 40,500 Fixed assets 15,679 39,477 Net plant and equipment $52,746 $ 78,045 Total $ 56,179 $ 79,977 Total assets $ 73,127 $100,565 Total liabilities and owners equity 100,565 $ 73,127 SMOLIRA GOLF, INC. 2019 Income Statement 188,370 Sales $ 126,703 Cost of goods sold Depreciation 5,283 EBIT Interest paid $56,384 1,380 Taxable income Taxes $55,004 19,251 Net Income $ 35,753 Dividends Retained earnings $ 11,955 23,798 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.) 2018 2019 times times times times times times times times times Short-term solvency ratios a. Current ratio b. Quick ratio C. Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios L. Profit margin m. Return on assets Return on equity times times times times times times times times % % n. %