Some recent financial statements for Gutfeld Golf, Inc.,follow.

GUTFELD GOLF, INC. Balance Sheets as of December 31, 2016 and 2017
	2016		2017				2016		2017
Assets						Liabilities and Owners’ Equity
Current assets						Current liabilities
Cash	$	6,407	$	9,410		Accounts payable	$	3,413	$	3,846
Accounts receivable		6,702		8,149		Notes payable		2,768		3,416
Inventory		13,757		15,930		Other		138		165
Total	$	26,866	$	33,489		Total	$	6,319	$	7,427
						Long-term debt	$	25,200	$	27,366
						Owners’ equity
						Common stock
						and paid-in surplus	$	38,000	$	38,000
Fixed assets						Accumulated retained earnings		16,035		37,506
Net plant andequipment	$	58,688	$	76,810		Total	$	54,035	$	75,506
Total assets	$	85,554	$	110,299		Total liabilities and owners’ equity	$	85,554	$	110,299

GUTFELD GOLF, INC. 2017 Income Statement
Sales			$	202,527
Cost of goods sold				138,383
Depreciation				5,910
EBIT			$	58,234
Interest paid				1,617
Taxable income			$	56,617
Taxes				22,647
Net income			$	33,970
Dividends	$	12,499
Retained earnings		21,471

Required:

Find the following financial ratios for Gutfeld Golf (useyear-end figures rather than average values where appropriate):(Do not round intermediatecalculations. Round your answers to 2 decimalplaces (e.g., 32.16).)

		2016		2017
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
h.	Debt-equity ratio				times
i.	Equity multiplier				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				%