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SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,136 $

SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets
Assets Liabilities and Owners Equity
2017 2018 2017 2018
Current assets Current liabilities
Cash $ 24,136 $ 25,000 Accounts payable $ 24,084 $ 28,000
Accounts receivable 13,348 16,100 Notes payable 19,000 11,700
Inventory 26,722 28,000 Other 12,471 18,300
Total $ 64,206 $ 69,100 Total $ 55,555 $ 58,000
Long-term debt $ 78,000 $ 91,532
Owners equity
Common stock and paid-in surplus $ 60,000 $ 60,000
Accumulated retained earnings 204,346 223,468
Fixed assets
Net plant and equipment $ 333,695 $ 363,900 Total $ 264,346 $ 283,468
Total assets $ 397,901 $ 433,000 Total liabilities and owners equity $ 397,901 $ 433,000

SMOLIRA GOLF CORP. 2018 Income Statement
Sales $ 383,818
Cost of goods sold 257,000
Depreciation 48,300
Earnings before interest and taxes $ 78,518
Interest paid 15,200
Taxable income $ 63,318
Taxes (24%) 15,196
Net income $ 48,122
Dividends $ 29,000
Retained earnings 19,122

The company's profit margin is ____ percent. (Use year-end figures rather than average values where appropriate and enter your answer as a percent rounded to 2 decimal places).

The total asset turnover is ____ times. (Round your answer to two decimal places).

The equity multiplier is _____ times. (Round your answer to two decimal places).

Using the DuPont Identity, the company's ROE is _____ percent. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places).

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