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SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Llabilities and Owners' Equity Current assets Current liabilities
SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Llabilities and Owners' Equity Current assets Current liabilities Cash $ 3,151 $ 3,207 Accounts payable $ 2,163 $ 2,620 Accounts receivable 4,757 5,761 Notes payable 1,760 2,136 Inventory 12,518 13,762 Other 92 109 Total $20,426 $22,730 Total $ 4,015 $ 4,865 $ 13,200 $ 15,960 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $39,000 $ 39,000 Fixed assets 39,258 15,664 Net plant and equipment $ 51,453 $76,353 Total $54,664 $ 78,258 Total assets $ 71,879 $99,083 Total liabilities and owners equity $ 71,879 $ 99,083 SMOLIRA GOLF, INC. 2019 Income Statement Sales $187770 126,403 Cost of goods sold Depreciation 5,313 EBIT Interest paid $56,054 1,410 Taxable income Taxes $ 54,644 19,125 Net Income $ 35,519 Dividends Retained earnings $ 11,925 23,594 Construct the DuPont Identity for Smolira Golf. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin and return on equity as a percent.) times Profit margin Total asset turnover Equity multiplier Return on equity times
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