Problem 3-27 DuPont Identity (LO3] Some recent financial statements for Smolira Golf Corporation follow 2020 2021 Assets Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity Current liabilities $ 24,056 $ 24,200 Accounts payable 12,548 15,300 Notes payable 25,592 27,200 Other $ 23,284 $27,200 12,000 10,900 11,671 15,900 Total $ 62,196 $ 66,700 Total $ 46,955 $ 54,000 Long-term debt $ 90,000 $ 93,294 Owners' equity Common stock and paid-in surplus $42.000 $ 42,000 Accumulated retained earnings 208,936 242,706 Fixed assets Net plant and equipment $325,695 Total $ 250,936 284,706 365,300 Total assets $ 387,891 Total liabilities and owners' equity $ 387,891 432,000 432,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation $ 336,329 231,000 21,600 Earnings before interest and taxes Interest paid $ 83,729 14,400 Taxable income Taxes (21%) $ 69,329 14,559 Net income $ 54,770 Dividends Retained earnings $ 21,000 33,770 Construct the DuPont identity for Smolira Golf Corporation. rences Construct the DuPont identity for Smollra Golf Corporation percent mes The company's profit marginis The total asset tumover is The equity multiplier is Using the DuPont identity, the company. ROES Use year-end figures rather than average value where appropriate wwer as a percent rounded to decimal places 2.2.1) Round your answer to decap.10 (Round your answer to decimal pas...16 (Do not round informediate sallation and enter your neerspre rounded to 2 decimal places, so 32.10) times percent