Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash 2021 SHOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Accounts receivable $ 20,276 $ 2,707 5,661 13,662 $22,030 Inventory Total $ 2,851 4,707 12,718 Liabilities and Owners' Equity Current liabilities Accounts payable. Notes payable Other Total Long-term debt Owners equity Common stock and paid-in surplus Accumulated retained earnings Total 2021 $ 2,213 1,810 102 $ 4,125 $14,500 $ 44,000 Fixed assets Net plant and equipment Total assets $ 58,063 $78,339 $ 84,293 $106,323 Total liabilities and owners' equity 15,714 $59,714 $78,339 2022 $ 2,720 2,236 119 $ 5,075 $ 17,260 $ 44,000 39,988 $83,988 $ 106,323 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales Cost of goods sold Depreciation EDIT Interest paid Taxable incone Net incone Dividende Retained earnings $189,770 127,403 5,213 $ 57,154 1,310 $55,844 19,545 $36,299 $12,025 24,274 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent. 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 Answer is complete but not entirely correct. 2021 2022 4.92 times 4.34 times 1.83 times 1.65 times 0.69 times 0.53 times 2.06 times 9.66 times 36.61 times 0.24 times 0.21 times h. Debt-equity ratio 0.31 times 0.27 times 1. Equity multiplier 1.31 times 1.27 times j. Times interest earned 43.63 times ratio k. Cash coverage ratio 4.32 times Profitability ratios 1. Profit margin m. Return on assets n. Return on equity 19.13 % 39.24 % 50.53 %