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 $ 2,851 $ 2,707 Accounts payable $ 2,213 $ 2,720 Accounts receivable 4,707 5,661 Notes payable 1,810 2,236 Inventory 12,718 13,662 Other 102 119 Total $20,276 $ 22,030 Total $ 4,125 $ 5,075 $ 14,500 $ 17,260 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 44,000 $44,000 $ 39,988 15,714 Fixed assets Net plant and equipment $58,063 $ 84,293 Total 83,988 $ 59,714 $ Total assets $78,339 $106,323 Total liabilities and owners' equity 106,323 $78,339 $ SMOLIRA GOLF, INC. 2019 Income Statement 189,770 Sales $ 127,403 Cost of goods sold Depreciation 5,213 EBIT Interest paid $ 57,154 1,310 Taxable income Taxes $55,844 19,545 Net income $36,299 Dividends Retained earnings $ 12,025 24,274 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 times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios d. Total asset turnover times e. Inventory turnover times f. Receivables turnover times Long-term solvency ratios g. Total debt ratio times times times times times times times times 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 Return on equity % % n. %