2020 2021 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,206 $ 25,700 Accounts payable Accounts receivable 14,048 16,800 Notes payable Inventory 27,622 28,700 Other $ $ 24,784 28,700 13,000 12.400 13,171 15,900 Total $ 65,876 $ 71,200 Total $ 50,955 57,000 Long-term debt $ $ 85,000 95,455 Owners' equity Common stock and paid in surplus Accumulated retained earnings $ 40,000 40,000 230,616 240,545 Fixed assets Net plant and equipment 270,616 280,545 340,695 361,800 Total $ Total liabilities and owners' 406,571 433,000 equity Total assets $ 406,571 433,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales 369,230 Cost of goods sold 260,500 Depreciation 47,350 Earnings before interest and $ 61,380 taxes Interest pald 15.900 Taxable income Taxes (21%) $ 45,480 9,551 Net Income $ 35,929 Dividends Retained earnings $ 26,000 9,929 Construct the DuPont identity for Smolira Golf Corporation The company's profit margin is The total asset turnover is The equity multiplier is Using the DuPont identity, the company's ROE is (Use year-end figures rather than average values where percent appropriate. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) times. (Round your answer to 2 decimal places, e.g., 32.16.) times (Round your answer to 2 decimal places, e... 32.16.) (Do not round Intermediate calculations and enter your percent. answer as a percent rounded to 2 decimal places, e.g., 32.16.)