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Some recent financial statements for Earl Grey Golf Corp. follow EARL GREY GOLF CORP 2014 and 2015 Statement of Financial Position Liabilities and Owners' Equity
Some recent financial statements for Earl Grey Golf Corp. follow EARL GREY GOLF CORP 2014 and 2015 Statement of Financial Position Liabilities and Owners' Equity 2014 Assets 2014 2015 2015 Current assets Current liabilities Cash Accounts receivable Inventory $ 24,046 12,448 25,392 $ 24,255 15,235 27,155 Accounts payable Notes payable Other $ 23,184 12,000 11,571 $ 27,420 10,800 15,553 Total $ 61,886 $66,645 Total $ 46,755 $ 53,773 Long-term debt Owners' equity $ 80,000 $ 95,000 Common stock and paid-in surplus Accumulated retained earnings $ 40,000 219,826 $ 40,000 243,606 Fixed assets Net plant and equipment Total assets $324,695 $365,734 Total $259,826 $283,606 $386,581 $432,379 Total liabilities and owners' equity $386,581 $432,379 EARL GREY GOLF CORP 2015 Statement of Comprehensive Income Sales Cost of goods sold De $366,996 253,122 32,220 preciation Earnings before interest and taxes Interest paid $81,654 14,300 Taxable income Taxes (35%) 67,354 23,574 Net income $ 43,780 Dividends Retained earnings $20,000 23,780 The company's profit margin is where appropriate. Do not include the percent sign(%). Round the final answer to 2 decimal places.) Total asset turnover is is ROE is places.) percent. (Use year-end figures rather than average values times. (Round the final answer to 3 decimal places.) Equity multiplier (Round the final answer to 2 decimal places.) Using the Du Pont Identity, the company's percent. (Do not include the percent sign (%). Round the final answer to 2 decimal
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