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

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.)

Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 2,971 $ 2,907 Accounts payable $ 2,193 $ 2,680 Accounts receivable 4,727 5,701 Notes payable 1,790 2,196 Inventory 12,638 13,702 Other 115 98 Total $20,336 $ 22,310 Total $ 4,081 $ 4,991 $ 14,100 $16,860 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 42,000 $42,000 $ 15,694 39,696 Fixed assets Net plant and equipment $55,539 $ 81,237 Total $ 57,694 $81,696 Total assets $75,875 $103,547 Total liabilities and owners' equity $ 75,875 $ 103,547 SMOLIRA GOLF, INC. 2019 Income Statement 188,970 Sales $ 127,003 Cost of goods sold Depreciation 5,253 EBIT Interest paid $ 56,714 1,350 Taxable income Taxes $55,364 19,377 Net income $ 35,987 Dividends Retained earnings $ 11,985 24,002 2018 2019 a. times times times times times times . c. times times times Short-term solvency ratios Current ratio b. Quick ratio Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets Return on equity times times times times times times times times % % % n

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