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 $ 3.251 $ 3,407 Accounts payable $ 2.143 $ 2,580 Accounts receivable 4.777 5,801 Notes payable 1.740 2,096 Inventory 12,438 13,802 Other 88 105 Total $20,466 $23.010 Total $ 3,971 $ 4781 $ 13,600 $16,360 Long-term debt Owners' equity Common stock and pald-in surplus Accumulated retained earnings $37.000 $ 37,000 15,644 38,966 Fixed assets 75,966 $52,644 $ Net plant and equipment $ 49.749 $74,097 Total Total assets $ 70,215 $ 97,107 Total liabilities and owners equity $ 70,215 $ 97107 $ SMOLIRA GOLF, INC. 2019 Income Statement 186,970 Sales 126,003 Cost of goods sold Depreciation 5,353 EBIT Interest paid $ 55,614 1.450 Taxable income Taxes $ 54.164 18,957 Net Income $35,207 Dividends Retained earnings $ 11,885 23,322 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.) 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 1. Profit margin m. Return on assets n. Return on equity times times times times times times times times % % %