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Some recent financial statements for Earl Grey Golf Corp. follow. EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position: Assets Liabilities and Owners'
Some recent financial statements for Earl Grey Golf Corp. follow. EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position: Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts receivable Inventory $ 24,046 12,448 25.392 $24,255 Accounts payable 15,235 Notes payable Total $61,886 27.155 $66,645 Other Total Fixed assets Owners' equity Net plant and equipment $324,695 $365,734 Total asests Total $40,000 219,026 $259,026 $386,501 $432,379 Total liabilities and owners' equity $306,501 Long-term debt: Common stock and paid-in surplus Retained earnings $23,184 12,000 11,571 $46,755 $ 80,000 10,000 15,553 $53,773 $95,000 $ 40,000 243, 606 $283,606 $432,379 $ 27,420 EARL GREY GOLF CORP. 2010 Statement of Comprehensive Income Sales $366,996 Cost of goods sold Depreciation Earnings before interest and tax Interest paid Taxable income Taxes (359) Net incom Dividends Additions to retained earnings $20,000 23,780 253,122 32.220 $ 81,654 14,300 $67,354 23,574 $43,780 The company's profit margin is 1193 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 1069 times, (Round the final answer to 3 decimal places.) Equity multiplier is [ 11. (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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