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Some recent financial statements for Smolira Golf Corp.follow.SMOLIRA GOLF CORP.2017 and 2018 Balance SheetsAssetsLiabilities and Owners’ Equity2017201820172018 Current assets Current liabilities Cash$34,385$37,837 &nbsAccounts payable$36,722$42,582 Accounts receivable17,80127,766 Notes payable19,00816,200 Inventory36,31042,632 Other19,86424,634 Total$88,496$108,235 Total$75,594$83,416 Long-term debt$115,000$145,000 Owners’ equity Common stock and paid-insurplus$55,000$55,000 Accumulated retainedearnings307,217344,452 Net plant and equipment$464,315$519,633 Total$362,217$399,452 Total assets$552,811$627,868 Total liabilities and owners’ equity$552,811$627,868SMOLIRA GOLF CORP.2018 Income Statement Sales$506,454 Cost of goods sold359,328 Depreciation44,463 Earnings before interest and taxes$102,663 Interest paid19,683 Taxable income$82,980 Taxes (25%)20,745 Net income$62,235 Dividends$25,000 Retained earnings37,235Find the following financial ratios for Smolira Golf Corp. (useyear-end figures rather than average values where appropriate):(Do not round intermediate calculations and round youranswers to 2 decimal places, e.g., 32.16.)