ratios compare current assets to current liabilities to indicate the speed with which a company can turn its assets into cash to meet debts as they fall due. A) Debt B) Current C) Liquidity D) Asset utilization E) Profitability

The valuation method primarily used in the balance sheets of business entities is a. current exit value b. historical cost c. present value d. net realizable value

a.   Efficiency ratios. b.   Asset turnover ratios. c.   Leverage ratios. d.   Coverage ratios.   Efficiency Ratios       Inventory turnover ratio   enter Inventory turnover ratio in times  times Days sales in inventory   enter Days sales in inventory  days Accounts receivables turnover   enter Accounts receivables turnover in times  times DSO   enter days sales outstanding  days Asset Turnover Ratios       Total asset turnover   enter Total asset turnover in times  times Fixed assets turnover   enter Fixed assets turnover in times  times Leverage Ratios       Total debt ratio   enter Total debt ratio in times  times Debt to equity ratio   enter Debt to equity ratio in times  times Equity multiplier   enter Equity multiplier in times  times Coverage Ratios       Times interest earned   enter Times interest earned  times Cash coverage   enter Cash coverage in times  times

Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes SMOLIRA GOLF, INCORPORATED 2022 Income Statement Net income Dividends Retained earnings 2021 Short-term solvency ratios a. Current ratio b. Quick ratio c. 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 n. Return on equity $3,061 4,742 12,578 $ 20,381 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 52,746 $ 73,127 2021 $ 188,370 126, 703 5,283 $ 56,384…