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Some recent financial statements for Earl Grey Golf Corp. follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total

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Some recent financial statements for Earl Grey Golf Corp. follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation ternings before interest and tax EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position 2017 2018 Current liabilities $ 24,255 $ 24,046 12,448 25,392 Accounts payable Notes payable 15,235 27,155 Other $ 61,886 $ 66,645 Total Long-term debt Owners' equity $324,695 $365,734 Common stock and paid-in surplus Retained earnings Total $386,581 $432,379 Total liabilities and owners' equity EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income $366,996 253,122 32,220 $ 81,654 Liabilities and Owners' Equity 2017 $ 23,184 12,000 11,571 $ 46,755 $ 80,000 $ 40,000 219,826 $259,826 $386,581 2018 $ 27,420 10,800 15,553 $ 53,773 $ 95,000 $ 40,000 243,606 $283,606 $432,379 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales $366,996 Cost of goods sold Depreciation 253,122 32,220 Earnings before interest and tax Interest paid Taxable income Taxes (35%) $ 81,654 14,300 $ 67,354 23,574 Net income $ 43,789 Dividends Additions to retained earnings $20,000 23,780 The company's profit margin is percent. (Use year-end figures rather than average values where appropriate. Do not include the percent sign (%). Round the final answer to 2 decimal places.) Total asset turnover is [ times. (Round the final answer to 3 decimal places.) Equity multiplier is [ (Round the final answer to 2 decimal places.) Using the Du Pont Identity, the company's ROE is decimal places) percent. (Do not include the percent sign (%). Round the final answer to 2

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