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 $ 3,091 $ 3,107 Accounts payable $ 2,173 $ 2,640 Accounts receivable 4,747 5,741 Notes payable 1,770 2,156 Inventory 12,558 13,742 Other 94 111 Total $20,396 $22,590 Total $ 4,037 $ 4,907 $ 13,000 $15,760 Long-term debt Owners' equity Common stock 40,000 $40,000 $ and paid-in surplus Accumulated retained earnings 39,404 Fixed assets 15,674 Net plant and equipment $ 52,315 $ 77,481 Total 79,404 $ 55,674 $ Total assets $ 72,711 $100,071 Total liabilities and owners' equity 100,071 $ 72,711 $ SMOLIRA GOLF, INC. 2019 Income Statement Sales $188.170 126,603 Cost of goods sold Depreciation 5,293 EBIT Interest paid $ 56,274 1,390 Taxable income Taxes $ 54,884 19,209 Net income $ 35,675 Dividends Retained earnings $ 11,945 23,730 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 Short-term solvency ratios a. Current ratio 4.75 times times b. Quick ratio times times times times c. Cash ratio Asset utilization ratios times times times times times times times 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 1. Profit margin m. Return on assets times times times times % % n. Return on equity %