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please show the steps in detail $ 369,630 253,500 46,500 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest
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$ 369,630 253,500 46,500 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (22%) Net income $ 69,630 14,500 $ 55,130 12,129 $ 43,001 Dividends Retained earnings $22,000 21,001 The company's profit margin is 11.60 percent. (Use year-end figures rather than average values where appropriate. Enter your answer as a The total asset percent rounded to 2 de 2 decimal places required. turnover is times. (Round your answer to 2 decimal places, e.g., 32.16.) The equity multiplier is times. (Round your answer to 2 decimal places, e.g., 32.16.) Using the DuPont Identity, the company's ROE is percent (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 2017 2018 2017 2018 Current assets Cash Accounts receivable Inventory $ 24,066 12,648 25,642 $ 24,300 15,400 27,300 $ 23,384 13,000 $ 27,300 11,000 16,700 11,771 Total $ 62,356 $ 67,000 $ 48,155 Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 55,000 $ 83,103 $ 71,000 $ 42,000 $ 42,000 227,896 248,897 Fixed assets Net plant and equipment $326,695 $362,000 Total $269,896 $290,897 Total assets $ 389,051 $429,000 Total liabilities and owners' equity $ 389,051 $429,000Step by Step Solution
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