Some recent financial statements for Smolira Golf Corp. follow.SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilitiesand Owners’ Equity 2017 2018 2017 2018 Current assets Currentliabilities Cash $ 23,056 $ 25,200 Accounts payable $ 24,284 $28,200 Accounts receivable 13,548 16,300 Notes payable 13,00011,900 Inventory 26,982 28,200 Other 12,671 19,900 Total $ 63,586 $69,700 Total $ 49,955 $ 60,000 Long-term debt $ 80,000 $ 81,337Owners’ equity Common stock and paid-in surplus $ 60,000 $ 60,000Accumulated retained earnings 209,326 232,663 Fixed assets Netplant and equipment $ 335,695 $ 364,300 Total $ 269,326 $ 292,663Total assets $ 399,281 $ 434,000 Total liabilities and owners’equity $ 399,281 $ 434,000 SMOLIRA GOLF CORP. 2018 Income StatementSales $ 375,123 Cost of goods sold 258,000 Depreciation 45,600Earnings before interest and taxes $ 71,523 Interest paid 15,400Taxable income $ 56,123 Taxes (21%) 11,786 Net income $ 44,337Dividends $ 21,000 Retained earnings 23,337 Find the followingfinancial ratios for Smolira Golf Corp. (use year-end figuresrather than average values where appropriate): (Enter yourprofitability ratio answers as a percent rounded to 2 decimalplaces, e.g., 32.16. Round the remaining answers to 2 decimalplaces, e.g., 32.16.)

Short-term solvency ratios:		2014	2015
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:		2014	2015
g.	Total debt ratio	times	times
h.	Debt–equity ratio	times	times
i.	Equity multiplier	times	times

  

j.	Times interest earned	times
k.	Cash coverage ratio	times

  

Profitabilityratios:
I.	Profit margin	%
m.	Return on assets	%
n.	Return on equity	%