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Find the following financial ratios for Smolira Golf Corp.Short-term solvency ratiosCurrent ratioQuick ratioCash ratioAsset turnover ratiosTotal asset turnoverInventory turnoverReceivables turnoverLong-term solvency ratiosTotal debt ratioEquity multiplier Times interest earned ratioCash coverage ratioProfitability ratiosProfit marginReturn on assetsReturn on equitySmolira Golf CorpBalance Sheets as of December31,2001 and 20022001200220012002AssetsLiabilities & EquityCurrent assetsCurrent liabilitiesCash$650$710Accounts payable$987$1,215Acc. receivable$2,382$2,106Notes payable$640$718Inventory$4,408$4,982Other$90$230Total$7,440$7,798Total$1,717$2,163Long-term debt$4,318$4,190Fixed assetsOwners' EquityNet Plant& equipment$13,992$18,584Common stock$10,000$10,000Retained earnings$5,397$10,029Total$15,397$20,029Total assets$21,432$26,382Total$21,432$26,382Smolira Golf Corp2002 IncomeStatementSales$28,000Cost of goods sold$11,600Depreciation$2,140Earnings before interest and taxes$14,260Interest paid$980Taxable income$13,280Taxes (35%)$4,648Net Income$8,632Dividends$4,000Addition to retained earnings$4,632