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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

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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 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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