2020 Current assets Cash $24,206 $25,700 Accounts receivable Inventory 14,048 16,800 27,622 28,700 ome recent financial statements for Smolira Golf Corporation follow. Assets SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other 2020 2021 Total $ 65,876 $71,200 Total $24,784 $28,700 13,000 12,400 13,171 15,900 $50,955 $57,000 Long-term debt $85,000 $95,455 Owners' equity Common stock and paid-in surplus $40,000 $40,000 Accumulated retained earnings 230,616 240,545 Fixed assets $ Net plant and equipment $340,695 $361,800 Total $270,616 280,545 $ Total assets $406,571 $433,000 Total liabilities and owners' equity $406,571 433,000 Sales SMOLIRA GOLF CORPORATION 2021 Income Statement Cost of goods sold Depreciation Earnings before interest and taxes Interest paid $ 369,230 260,500 47,350 $ 61,380 15,900 Taxable income Taxes (21%) $45,480 9,551 Net income $ 35,929 Dividends $ 26,000 Retained earnings 9,929 Construct the DuPont identity for Smolira Golf Corporation. The company's profit margin is The total asset turnover is percent. times. The equity multiplier is times. Using the DuPont identity, the company's ROE is percent. (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, e.g., 32.16.) (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)