SMOLIRA GOLF, INC.

Balance Sheets as of December $31,2018$ and $2019$

$2018201920182019$

Assets Liabilities and Owners$$ Equity

Current assets Current liabilities

Cash $ $2,821$ $ $2,657$ Accounts payable $ $2,218$ $ $2,730$

Accounts receivable $4,7025,651$ Notes payable $1,8152,246$

Inventory $12,73813,652$ Other $103120$

Total $ $20,261$ $ $21,960$ Total $ $4,136$ $ $5,096$

Long$-$term debt $ $14,600$ $ $17,360$

Owners$$ equity

Common stock

and paid$-$in surplus $ $44,500$ $ $44,500$

Fixed assets Accumulated retained earnings $15,71940,061$

Net plant and equipment $ $58,694$ $ $85,057$ Total $ $60,219$ $ $84,561$

Total assets $ $78,955$ $ $107,017$ Total liabilities and owners$$ equity $ $78,955$ $ $107,017$

SMOLIRA GOLF, INC.

$2019$ Income Statement

Sales $ $189,970$

Cost of goods sold $127,503$

Depreciation $5,203$

EBIT $ $57,264$

Interest paid $1,300$

Taxable income $ $55,964$

Taxes $19,587$

Net income $ $36,377$

Dividends $ $12,035$

Retained earnings $24,342$

Construct the DuPont identity for Smolira Golf. $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$ Enter the profit margin and return on equity as a percent.$)$