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Assets 2017 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 current liabilities $ 24,900 Accounts payable $ 23,984 16.000 Notes payable 18.000 2017 2018 $ 24,126 $ 27900 Current assets Cash Accounts receivable Inventory 13,248 11,600 26,542 27,900 Other 12,371 16,500 Total $ 63.916 $ 68.800 Total $ 54,355 $ 56,000 Long-term debt $ 77,000 $ 74,606 $ 50,000 $ 50,000 Owners' equity common stock and paid in surplus Accumulated retained earnings 215,256 250,394 Fixed assets Net plant and equipment $3321,695 $362,200 Total $265,256 $300,394 Total assets $ 396.611 $ 431.000 Total liabilities and olviers equity $ 396.611 $ 431.000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $392,907 256,500 48,400 Earnings before interest and taxes Interest paid $ 88,007 15,100 Taxable income Taxes (23%) $ 72,907 16,769 Net income $ 56,138 Dividends Retained earnings $21,000 35,138 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): (Enter your profitability ratio answers as a percent rounded to 2 decimal places, e.g., 32.16. Round the remaining answers to 2 decimal places, e.g. 32.16.) Short-term solvency ratios: 2017 2018 a. Current ratio tmes times b Quick ratio mes umes C. Cash ratio umes times

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