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Check my wol Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018
Check my wol 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 $ 24,700 Accounts payable $ 23,784 15,800 Notes payable 16,000 27,700 Other 12,171 $ 24,106 13,048 26,342 $ 27,700 11,400 15,900 Total $ 63,496 $ 68,200 Total $ 51,955 $ 75,000 $ 55,000 $ 82,959 Long-term debt $ 45,000 $ 45,000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 222,236 249,041 Fixed assets Net plant and equipment $330,695 $363,800 Total $ 267,236 $ 294,041 Total assets $ 394,191 $432,000 Total liabilities and owners' equity $ 394,191 $432,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 367,234 235,500 38,600 $ Earnings before interest and taxes Interest paid 93,134 14,900 Taxable income Taxes (21%) $ 78,234 16,429 Net income $ 61,805 Dividends Retained earnings $35,000 26,805 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, The equity multiplier is times. (Round your answer to 2 decimal places, e.g., 32.16.) Using the DuPont Identity, the company's RC percent. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) TIR
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