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 $ 3,031 $ 3.007 Accounts payable $ 2,183 $ 2,660 Accounts receivable 4,737 5,721 Notes payable 1.780 2,176 Inventory 12,598 13,722 Other 96 113 Total $20,366 $22.450 Total $ 4,059 $ 4.949 Long-term debt $ 13,900 $16,660 Owners' equity Common stock and paid-in surplus $ 41,000 $41,000 Fixed assets Accumulated retained 39,550 15,684 earnings es Net plant and equipment $ 54,277 $ 79,709 Total $56,684 $ 80,550 Total assets $ 74,643 $102,159 Total liabilities and owners' equity 102.159 $ 74,643 $ SMOLIRA GOLF, INC. 2019 Income Statement Sales $ 188,570 126,803 Cost of goods sold Depreciation 5,273 EBIT Interest paid $56,494 1,370 ces Taxable income Taxes $ 55,124 19,293 Net income $ 35,831 Dividends Retained earnings $ 11,965 23,866 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 1. Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets Return on equity ces times times times times times times times times % % n. %