15 Some recent financial statements for Smolira Golf Corp. follow. 10 points Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 37,837 Accounts payable $ 36,722 27,766 Notes payable 19,008 42,632 Other Current assets Cash Accounts receivable Inventory $ 34,385 eBook 17,801 $ 42,582 16,200 24,634 36,310 19,864 Hint Total $ 88,496 $108,235 Total $ 75,594 $ 83,416 Long-term debt $115.000 $ 145,000 References $ 55.000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $55.000 307,217 344,452 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 $627,868 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $506.454 359,328 44.463 Earnings before interest and taxes Interest paid $ 102,663 19,683 Taxable income Taxes (25%) $ 82.980 20,745 Net income $ 62,235 Dividends Retained earnings $25,000 37,235 The company's profit margin is 12.28 percent (Use year-end figures rather than average values where appropriate. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Total asset turnover is 0.85 (Round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier is (Round your answer to 2 decimal places., e.g. 32.16.) Using the DuPont Identity, the company's ROE is percent (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)