Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 4,607 $ 4,910 Accounts payable $ 3,413 $ 3,846 Accounts receivable 6,702 8,149 Notes payable 2,768 3,416 Inventory 17,357 19,350 Other 138 165 Total $28,666 $32,409 Total $ 6,319 $ 7,427 $22,500 $ 19,000 Long-term debt Owners' equity Common stock and pald-in surplus Accumulated retained earnings $38,000 $ 38,000 20,535 44,792 Fixed assets Net plant and equipment $ 58,688 $ 76,810 Total $58,535 $ 82,792 Total assets $ 87,354 $109,219 Total liabilities and owners' equity $ 87,354 $ 109,219 SMOLIRA GOLF, INC. 2014 Income Statement $ Sales Cost of 205,227 138.383 2 FCU BU ALL RIU earnings $ 58,688 $ 76,810 Total $58,535 $ 82,792 Net plant and equipment Total assets $ 87,354 $ 109,219 $ 87,354 $109,219 Total liabilities and owners' equity SMOLIRA GOLF, INC. 2014 Income Statement Sales $ Cost of goods sold Depreciation 205,227 138,383 5,910 EBIT Interest paid 60,934 1,617 59,317 Taxable Income Taxes 20,760 Net income 38,557 $ 14,300 Dividends Retained earnings 24,257 for year 2013, the current ratio is times (keep two decimals for final results)