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2016 Some recent financial statements for Smolira Golf, Inc, follow SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015

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2016 Some recent financial statements for Smolira Golf, Inc, follow SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 3,181 $3,257 Accounts payable $ 2,158 Accounts receivable 4,762 5,771 Notes payable 1,755 Inventory 12,498 13,772 Other 91 Total $20,441 $22,800 Total $ 4,004 Long-term debt $13,300 Owners' equity Common stock and paid-in surplus $38,500 Fixed assets Accumulated retained earnings 15,659 Net plant and equipment $51,622 $75,789 Total $54, 159 Total assets $71,463 $98,589 Total liabilities and owners' equity $71,463 $ 2,619 2,126 108 $ 4,844 $16, 060 $38,500 39,185 $77.685 $98,589 SMOLIRA GOLF, INC. 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net Income Dividends $11,915 Retained earnings 23,526 $187,570 126,303 5,323 $ 55,944 1,420 $ 54,524 19,883 $ 35,441 10tal >20:41 >22.000 >4.094 $16,060 Tota >400 Long-term debt $13,300 Owners' equity Common stock and paid-in surplus $38,500 Accumulated retained earnings 15,659 Total $54, 159 Total liabilities and owners' equity $71, 463 Fixed assets Net plant and equipment Total assets $38,500 39,185 577.685 $99,589 $51,822 $71,463 $75,789 $98,589 SMOLIRA GOLF, INC 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends $11,915 Retained earnings 23,526 $187,570 126,303 5,323 $ 55,944 1,420 $:54,524 19,083 $ 35, 441 Construct the DuPont identity for Smolira Golf (Do not round intermediate calculations and round your answers to 2 decimal places e.g. 32.16. Enter the profit margin and return on equity as a percent.) Profit margin Total asset turnover Equity multiplier Return on equity times times

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