SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current assets Current liabilities $ $ Cash Accounts payable 23,086 25,500 24,584 28,500 Accounts 13,848 16,600 receivable Notes payable 15,000 12,200 Inventory 27,362 28,500 Other $ $ Total Total 64,296 70,600 12,971 18,300 $ 52,555 59,000 $ Long-term debt $ 55,000 49,383 Owners' equity Common stock and paid-in surplus 52,000 52,000 Accumulated retained 243,436 274,617 Fixed assets Net plant and equipment $ 338,695 364,400 earnings Total $ Total liabilities and owners' $ Total assets 402,991 435,000 equity $ $ 295,436 326,617 402,991 435,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales $ 359,607 Cost of goods sold 235,900 Depreciation 35,400 Earnings before interest $ and taxes 88,307 Interest pald 15,700 Taxable Income Taxes (24%) Net Income $ Dividends 24,000 Retained earnings 31,181 72,607 17,426 $ 55,181 Construct the DuPont Identity for Smolira Golf Corporation. 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 The equity multiplier is times (Round your answer to 2 decimal places, e.g. 32.16.) (Round your answer to 2 decimal places, eg, 32.16.) Using the DuPont identity, the company's ROE 16 percent (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)