a. What is the company's profit margin? ____%

b. The total asset turnover is? ____ times

c. The equity multiplier is? ____ times

d. Using the DuPont Identity, the company's ROE is? ____%

SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 23,996 13,948 27,462 $65,406 $ 25,600 $24,684$ 28,600 12,300 19,100 53,755 60,000 $84,000 $91,541 Cash Accounts Accounts payable Notes payable 16,700 16,000 receivable Inventory 28,600 13,071 Total $ 70,900 Total Long-term debt Owners' equity Common stock and paid-in 60,000 60,000 surplus Accumulated retained 207,346 220,460 earnings Fixed assets Net plant and $339,695 $361,100 Total $267,346 $280,460 equipment Total liabilities and owners' equity Total assets $ 405,101 $432,000 $405,101 $432,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $376,068 260,000 49,450 Earnings before interest $ 66,618 15,800 $50,818 and taxes Interest paid Taxable income Taxes (25%) 12,705 Net income $38,114 Dividends Retained earnings $25,000 13,114