Some recent financial statements for Smolira Golf, Inc., are as follow. SMOLIRA GOLF, INC. Balance Sheets as
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Some recent financial statements for Smolira Golf, Inc., are as follow.
SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 | ||||||||||
2018 | 2019 | 2018 | 2019 | |||||||
Assets | Liabilities and Owners’ Equity | |||||||||
Current assets | Current liabilities | |||||||||
Cash | $ | 3,251 | $ | 3,407 | Accounts payable | $ | 2,143 | $ | 2,580 | |
Accounts receivable | 4,777 | 5,801 | Notes payable | 1,740 | 2,096 | |||||
Inventory | 12,438 | 13,802 | Other | 88 | 105 | |||||
Total | $ | 20,466 | $ | 23,010 | Total | $ | 3,971 | $ | 4,781 | |
Long-term debt | $ | 13,600 | $ | 16,360 | ||||||
Owners’ equity | ||||||||||
Common stock | ||||||||||
and paid-in surplus | $ | 37,000 | $ | 37,000 | ||||||
Fixed assets | Accumulated retained earnings | 15,644 | 38,966 | |||||||
Net plant and equipment | $ | 49,749 | $ | 74,097 | Total | $ | 52,644 | $ | 75,966 | |
Total assets | $ | 70,215 | $ | 97,107 | Total liabilities and owners’ equity | $ | 70,215 | $ | 97,107 | |
SMOLIRA GOLF, INC. 2019 Income Statement | ||||
Sales | $ | 186,970 | ||
Cost of goods sold | 126,003 | |||
Depreciation | 5,353 | |||
EBIT | $ | 55,614 | ||
Interest paid | 1,450 | |||
Taxable income | $ | 54,164 | ||
Taxes | 18,957 | |||
Net income | $ | 35,207 | ||
Dividends | $ | 11,885 | ||
Retained earnings | 23,322 | |||
Construct the DuPont identity for Smolira Golf.
Find
profit margin
total asset turnover
equity multiplier
return on equity
Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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