2020 2021 Some recent financial statements for Smolira Golf Corporation follow SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 32,653 $ 39,350 Accounts payable Accounts receivable 16,911 28,877 Notes payable Inventory 34,495 44,336 Other Total $ 84,059 $ 112,563 Total $ 34,886 $ 44,285 18,058 16,848 18,871 25,619 $ 71,815 $ 86,752 Long-term debt $ 110,000 $ 140,000 Fixed assets Owners' equity Common stock and paid-in surplus $ 55,000 $ 55,000 Accumulated retained earnings 288,343 333,683 $ $ 441,099 $ 502,872 Total $ 343,343 388,683 Net plant and equipment Total assets $ 525,158 $ 615,435 Total liabilities and owners' equity $ 525,158 615,435 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid $ 531,750 377,294 46,686 $ 107,770 20,650 Taxable income $ 87120 $ 531,750 377294 46,686 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and Interest paid Taxable income Taxes (25%) taxes $ 107,770 20,650 $ 87120 21.780 Net income $ 65,340 Dividends Retained earnings $ 20.000 45,340 Construct the DuPont identity for Smolira Golf Corporation The company's profit marginis Total asset turnover is Equity multiplier is Using the DuPont identity, the company's ROE IS percent times times (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.) (Round your answer to 2 decimal places, e.g. 32. 16.) (Round your answer to 2 decimal places., c.9. 32.16.) (Do not found intermediate calculations and enter your answer as a percent rounded to 2 decimal places. e... 32. 16.) percent