SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $349,760 241,500 27,200 Earnings before interest and taxes Interest paid $ 81,060 15,300 Taxable income Taxes (25%) $ 65,760 16,440 Net income $ 49,320 Dividends Retained earnings $20,000 29,320 The company's profit margin is percent. (Use year-end figures rather than average values where appropriate. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) The total asset 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.) Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,100 Accounts payable $ 24,184 16,200 Notes payable 20,000 28,100 Other 12,571 $ 23,046 Current assets Cash Accounts receivable Inventory $ 28,100 13,448 11,800 26,822 19,100 Total $ 63,316 $ 69,400 Total $ 56,755 $ 59,000 Long-term debt $ 79,000 $ 83,424 $ 48,000 $ 48,000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 214,256 243,576 Fixed assets Net plant and equipment $334,695 $364,600 Total $262,256 $ 291,576 Total assets $ 398,011 $434,000 Total liabilities and owners' equity $ 398,011 $434,000