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I also need the Profit marginReturn on assetsReturn on equity. 19. Using the DuPont Identity (LO4) Ethelbert Inc. has sales of $5,276, total assets of

I also need the Profit marginReturn on assetsReturn on equity.

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19. Using the DuPont Identity (LO4) Ethelbert Inc. has sales of $5,276, total assets of $3,105, and a debt-equity ratio of 1.40. If its return on equity is 15%, what is its net income? EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24.046 $ 24,255 Accounts payable $ 23,184 $ 27,420 Accounts receivable 12,448 15,235 Notes payable 12,000 10,800 Inventory 25,392 27,155 Other 11,571 15.553 Total $ 61,886 $ 66,645 Total $ 46,755 $ 53,773 Fixed assets Long-term debt $ 80,000 $ 95,000 Net plant and equipment $324,695 $365,734 Owners' equity Common stock and paid-in surplus $ 40,000 $ 40,000 Retained earnings 219,826 243,606 Total $259,826 $283,606 Total assets $386,581 $432,379 Total liabilities and owners' equity $386,581 $432,379 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales $366,996 Cost of goods sold 253,122 Depreciation 32,220 Earnings before interest and tax $ 81,654 Interest paid 14,300 Taxable income $ 67.354 Taxes (35%) 23.574 Net Income $ 43,780 Dividends $20,000 Additions to retained earnings 23,780 27. Calculating Financial Ratios (LO3) Find the following financial ratios for Earl Grey Golf Corp. (use year-end figures rather than average values where appropriate): Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios Page 107 g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin

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