Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 24,200 Accounts payable $ 23,284 15,300 Notes payable 12,000 27,200 Other 11,671 $ 24,056 12,548 25,592 16 $ 27,200 10,900 15,900 $ 54,000 $ 93,294 Total $ 62,196 $ 66,700 Total $ 46,955 $ 90,000 Long-term debt $ 42,000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 42,000 242,706 208,936 Fixed assets Net plant and equipment $325,695 $365,300 Total $250,936 $284,706 Total assets $ 387,891 $432,000 Total liabilities and owners' equity $ 387,891 $432,000 SMOLIRA GOLF CORP. 2018 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 The company's profit marginis 16.28 percent. Use year-end figures rather than average values where appropriate. Enter your answer as percent rounded to 2 decimal places, o g. 32.16) The totalassotturnover is The equity multiplier is times. (Round your answer to 2 decimal places, e.g.. 32.16.) percent. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places Do not g. 32.16