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 and paid-in surplus Accumulated retained earnings $40,000 $ 40,000 15,674 39,404 Fixed assets Net plant and equipment $ 52,315 $ 77,481 Total $55,674 $ 79,404 Total assets $ 72,711 $100,071 equity $100071 Total liabilities and owners $ 72741 $ 100,071 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 times times times times times times times times times f. Po Short-term solvency ratios a. Current ratio Quick ratio c. Cash ratio Asset utilization ratios Total asset turnover e. Inventory turnover Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin Return on assets n. Return on equity times times times times times times times times 1%