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find the following financial ratios for smolira golf (use year end figures rather than average vale where appropriate) construct the DuPont identity for smolira golf.
find the following financial ratios for smolira golf (use year end figures rather than average vale where appropriate)
construct the DuPont identity for smolira golf.
SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Llabllltles and owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory 8,149 19,350 $28,666 32,409 4,607 4,910 Accounts payable 6,702 17,357 3,413 $3,846 3,416 165 6,319$7,427 $22,50019,000 Notes payable Other 2,768 138 Total Long-term debt Owners' equity Total $38,000 38,000 44,792 $58,535 82,792 $87,354 $109,219 Common stock and pald-in surplus Accumulated retained earnings Fixed assets 20,535 Total Net plant and equipment Total assets 58,688 $87,354 76,810 $109,219 Total liabilities and owners' equityStep by Step Solution
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