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2020 2021 Some recent financial statements for Smolira Golf Corporation follow SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Llabilities and Owners'

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2020 2021 Some recent financial statements for Smolira Golf Corporation follow SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Llabilities and Owners' Equity Current assets Current liabilities Cash $ 24,056 $ 24,200 Accounts payable Accounts receivable 12,548 15,300 Notes payable Inventory 25,592 27,200 Other Total $ 62,196 $ 66,700 Total $ 23,284 $ 27,200 12,000 10,900 11,671 15,900 $ 46,955 $ 54,000 $ 90,000 $ 93,294 Long-term debt Owners' equity Common stock and pald-in surplus $ 42,000 $ 42,000 Accumulated retained earnings 208,936 242,706 Fixed assets Net plant and equipment $ 325,695 $ 365,300 Total 250,936 284,706 $ 432,000 Total liabilities and owners' equity $ 387,891 $ 387,891 Total assets 432,000 LO 7.14 points SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation 336,329 231,000 21,600 Earnings before interest and taxes Interest paid $ 83,729 14,400 Taxable income Taxes (21%) $ 69,329 14,559 Net Income $ 54,770 Dividends Retained earnings $ 21,000 33,770 Construct the DuPont identity for Smolira Golf Corporation Dividends Retained earnings $21.000 33.770 Construct the DuPont Identity for Smolira Golf Corporation The company's profit marginis The total soumoveis The qully multipliers Using the DuPont Identity, the company. ROE Answer is complete but not entirely correct. 1628 percent (Use year and figures rather than average values where propriate Enter your answer as a percent rounded to 2 decimal places, U.2.16) 0.82 0 (Round your answer to 2 decimal places. e. 32.16) 153 mes Round your answer to 2 decimal places, . 32.16) 20 45 percent (Do not round Intermediate calculations and anter your answer as percent rounded to 2 decimal places, 92.16

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