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SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners Equity 2020 2021 Current assets Current liabilities Cash $ 24,206 $

SMOLIRA GOLF CORPORATION
2020 and 2021 Balance Sheets
Assets 2020 2021 Liabilities and Owners Equity 2020 2021
Current assets Current liabilities
Cash $ 24,206 $ 25,700 Accounts payable $ 24,784 $ 28,700
Accounts receivable 14,048 16,800 Notes payable 13,000 12,400
Inventory 27,622 28,700 Other 13,171 15,900
Total $ 65,876 $ 71,200 Total $ 50,955 $ 57,000
Long-term debt $ 85,000 $ 95,455
Owners equity
Common stock and paid-in surplus $ 40,000 $ 40,000
Accumulated retained earnings 230,616 240,545
Fixed assets
Net plant and equipment $ 340,695 $ 361,800 Total $ 270,616 $ 280,545
Total assets $ 406,571 $ 433,000 Total liabilities and owners equity $ 406,571 $ 433,000

SMOLIRA GOLF CORPORATION
2021 Income Statement
Sales $ 369,230
Cost of goods sold 260,500
Depreciation 47,350
Earnings before interest and taxes $ 61,380
Interest paid 15,900
Taxable income $ 45,480
Taxes (21%) 9,551
Net income $ 35,929
Dividends $ 26,000
Retained earnings 9,929

Construct the Dupoint identity for smolira golf corporation. (round to two decimal places)

The company's profit margin is:? ____%

The total asset turnover is? ____times

The equity multiplier is? ____times

Using the DuPont identity, the company's ROE is? ____%

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