2020 2021 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,076 $ 24.400 Accounts payable Accounts receivable 12,748 15.500 Notes payable Inventory 25,742 27400 Other $ 23.484 13,000 11,871 27400 11300 17,500 Total 5 62,566 $ 67,300 Total $ $ 48,355 56,000 Long-term debt $ 72,000 $ 85,616 Owners' equity Common stock and paid in surplus Accumulated retained earnings $ 45,000 $ 45.000 224,906 243,384 Fixed assets Net plant and equipment $ $ 327,695 362.700 Total $ $ 269,906 288,384 Total assets $ $ Total liabilities and owners' 390,261 430,000 equity $ $ 390,261 430,000 SMOLIRA GOLF CORPORATION 2021 Income Statement $ Sales 378,618 Cost of goods sold 254,000 Depreciation 56,150 Earnings before interest and $ taxes 68,468 Interest paid 14,600 Taxable income Taxes (23) Net income $ 53,868 12,390 $ 41.478 Dividends Retained earings $ 23,000 18.478 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, o... 32.16. times (Round your answer to 2 decimal places, e.g. 32.16.) times. (Round your answer to 2 decimal places, 0.9., 32.16.) (Do not round Intermediate calculations and enter your percent answer as a percent rounded to 2 decimal places, e.g. 32.16.)