Assets 2014 2015 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 25,800 Accounts payable $ 24,884 16,900 Notes payable 18,000 28,800 Other 13,271 Current assets Cash Accounts receivable Inventory $ 24,216 14,148 27,722 $ 28,800 12,500 16,700 Total $ 66,086 $ 71,500 Total $ 56,155 $ 58,000 $ 86,000 $ 97,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 50,000 215,626 $ 50,000 229,000 Fixed assets Net plant and equipment $341,695 $362,500 Total $265,626 $279,000 Total assets $407,781 $434,000 Total liabilities and owners' equity $407,781 $434,000 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation $ 357,290 241,600 32,400 Earnings before interest and taxes Interest paid $ 83,290 16,000 Taxable income Taxes (40%) $ 67,290 26,916 Net income 40,374 Dividends Retained earnings $27,000 13,374 The company's profit margin 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.) The total asset turnover is times. (Round your answer to 2 decimal places, e.g., 32.16.) The equity multiplier is times. (Round your answer to 2 decimal places, e.g., 32.16.) Using the Du Pont Identity, the company's ROE is percent. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)