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see photo for question. please round accordingly Some recent financial statements for Smolira Golf Corp. follow Assets Liabilities and Owners Equity 2017 2018 Current assets
see photo for question. please round accordingly
Some recent financial statements for Smolira Golf Corp. follow Assets Liabilities and Owners Equity 2017 2018 Current assets Cash $24.884 $28,800 Accounts 18,000 12,500 Inventory 13,271 16,700 Total $56.155 $ 58,000 $ 86,000 $ 84,888 $ 50.000 $ 50,000 215.626 241,112 Fixed assets Net plant and equipment $265.626 $ 291,112 Total assets $407781 $434,000 Cost of goods sold Depreciation $357,290 241,500 32,400 Earnings before interest $ 83,290 and taxes Interest paid 16.000 Taxable income $67,290 14.804 Taxes (22%) Net income $ 52,486 Dividends Retained earnings $27,000 25,486 The company's profit margin is percent (Use year-end figures rather than average values where appropriate. Enter your answer as a The total asset turnover is percent rounded to 2 decimal places, e.g., 32.16.) The equity multiplier is percent tmes (Round your answer to 2 decimal places, e.g. 32.16.) (Round your answer to 2 decimal places, e.g. 32.16) Using the DuPont Identity, the company's ROE is (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e g. 32.16.) times.Step by Step Solution
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