Profitability ratios:
l.	Profit margin		%
m.	Return on assets		%
n.	Return on equity		%

SMOLIRA GOLF CORP.

2018 Income Statement

Sales

$

336,329

Cost of goods sold

231,000

Depreciation

21,600

Earnings before interest and taxes

$

83,729

Interest paid

14,400

Taxable income

$

69,329

Taxes (21%)

14,559

Net income

$

54,770

Dividends

$

21,000

Retained earnings

33,770

Some recent financial statements for Smolira Golf Corp. follow.

SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets

Assets

Liabilities and Owners Equity

2017

2018

2017

2018

Current assets

Current liabilities

Cash

$

24,056

$

24,200

Accounts payable

$

23,284

$

27,200

Accounts receivable

12,548

15,300

Notes payable

12,000

10,900

Inventory

25,592

27,200

Other

11,671

15,900

Total

$

62,196

$

66,700

Total

$

46,955

$

54,000

Long-term debt

$

90,000

$

93,294

Owners equity

Common stock and paid-in surplus

$

42,000

$

42,000

Accumulated retained earnings

208,936

242,706

Fixed assets

Net plant and equipment

$

325,695

$

365,300

Total

$

250,936

$

284,706

Total assets

$

387,891

$

432,000

Total liabilities and owners equity

$

387,891

$

432,000

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.)

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

Long-term solvency ratios:		2017		2018
g.	Total debt ratio		times		times
h.	Debt-equity ratio		times		times
i.	Equity multiplier		times		times

Short-term solvency ratios:		2017		2018
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