Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 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 Long-term debt $ 14,500 $ 17,260 Owners equity Common stock and paid-in surplus $ 44,000 $ 44,000 Fixed assets Accumulated retained earnings 15,714 39,988 Net plant and equipment $ 58,063 $ 84,293 Total $ 59,714 $ 83,988 Total assets $ 78,339 $ 106,323 Total liabilities and owners equity $ 78,339 $ 106,323 SMOLIRA GOLF, INC. 2016 Income Statement Sales $ 189,770 Cost of goods sold 127,403 Depreciation 5,213 EBIT $ 57,154 Interest paid 1,310 Taxable income $ 55,844 Taxes 19,545 Net income $ 36,299 Dividends $ 12,025 Retained earnings 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.) 2015 2016 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 h. Debt?equity ratio times times i. Equity multiplier times times j. Times interest earned ratio times k. Cash coverage ratio times Profitability ratios l. Profit margin % m. Return on assets % n. Return on equity %