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Having a hard time following this one, please explain so I can learn! Problem 3-27 DuPont Identity (L03) Some recent financial statements for Smolira Golf

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Problem 3-27 DuPont Identity (L03) Some recent financial statements for Smolira Golf Corp. follow Assets 2017 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Llabilities and Owners' Equity 2018 2017 2018 Current liabilities $ 25,500 Accounts payable $ 24,584 $ 28,500 16,600 Notes payable 15,000 12,200 28,500 Other 12,971 18,300 $ 23,086 13,848 27,362 Total $ 64,296 $ 70,600 Total $ 52,555 $ 59,000 Long-term debt $ 55,000 $ 49,383 $ 52,000 Owners' equity Common stock and paid. in surplus Accumulated retained earnings $ 52,000 243,236 274,617 Fixed assets Net plant and equipment $338,695 $364,400 Total $295,436 $ 326,617 Total assets $ 402.991 $435,000 Total liabilities and owners! equity $ 402,991 $435,000 SMOURA GOLF CORP 2018 Income Statement Sales $ 359,607 Cost of goods sold 235,900 Depreciation 35,400 Earnings before interest $ 88,307 and taxes Interest paid 15700 1 Taxable income Taxes (249) $ 72,607 17,426 Net Income $ 55181 Dividends Retained eamings $24.000 31,181 The company's prontmarginis percent (Use year and ligures rather than average values where appropriate Enter your answer as a percent rounded to 2 decimal places, 0.0.32.16) The total asset tumover is times (Round your answer to 2 decimal places, 0.0.32.16.) The equity mulieris times (Round your answer to 2 decimal places, 09.12.16) Using the DuPont identity, the company's ROEB percent (Do not found intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, 6.0.32.16)

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