n. Return on equity 36. DuPont Identity. Construct the DuPont identity for Smolira Golf, LO 3 2016 I SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 Assets Liabilities and Owners' Equity Current assets Current inities Cash $ 4,607 $ 4.910 Accounts payable $ 3,413 Accounts receivable 6,702 3.149 Notes payable 2.768 Inventory 17.357 19.350 Other 130 Total $28,666 $ 32.400 Total $ 6,319 Long-term det $22.500 Owners' equity Common stock and paid in surplus $38.000 Fixed assets Accumulated retained earnings 20,535 Net plant and equipment 58.688 76,810 Total $58,535 Total assets $87.354 $109,219 Total liabilities and owners' equity $87,354 $ 3846 3.416 165 $ 7,427 $ 19.000 $38.000 44,792 $ 82.792 $109.219 SMOLIRA GOLF, INC. 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Additions to retained earnings $205,227 138,383 5,910 $ 60,934 1,617 $ 59,317 20,760 $ 38,557 $14,300 24,257