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Assets 2017 Current assets Cash Accounts receivable Inventory $ 24,226 14.248 27.802 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018

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Assets 2017 Current assets Cash Accounts receivable Inventory $ 24,226 14.248 27.802 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 2018 Current liabilities $ 25,900 Accounts payable $ 24,984 $ 28,900 17,000 Notes payable 17.000 12,600 28,900 Other 13,371 17,500 $ 71,800 Total $ 55,355 $ 59,000 Long-term debt $124,000 $ 127,662 Total $ 66,276 Inventory 27.802 28,900 Other 13,371 Total $ 66,276 $ 71,800 Total $ 55,355 $124,000 17,500 $ 59,000 $ 127,662 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 60,000 $ 60,000 01155 169,616 189,338 Fixed assets Net plant and equipment $342,695 $364,200 Total $229,616 $ 249,338 Total assets $ 408,971 $436,000 Total liabilities and owners' equity $ 408,971 $436,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $390,477 261,500 50,900 Earnings before interest and taxes Interest paid $ 78,077 16,100 -1:34 Taxable income Taxes (23%) $ 61,977 14,255 Net income $ 47,722 Dividends Retained earnings $ 28,000 19,722 Taxes (239) 14,255 Net income $ 47722 Dividends Retained earnings $28,000 19,722 The company's profit marginis percent. (Use year-end figures rather than average values where appropriate. Enter your answer as percent rounded to 2 decimal places, e... 32.16.) The total asset turnoveris Itimos Round your answer to decimale The equity multiplier is times (Round your answer to 2 decimal places, e.g. 32.16.) Using the DuPont Identity, the company's percent (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e... 32.16.)

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