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Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance

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Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 25,800 Accounts payable $ 24,884 16,900 Notes payable 18,000 28,800 Other 13,271 $ 24,216 14.148 27,722 $ 28,800 12,500 16,700 Total $ 66,086 $ 71,500 Total $ 56,155 $ 58,000 Long-term debt $ 86,000 $ 84,888 Owners' equity Common stock and paid in surplus Accumulated retained carnings $ 50,000 $ 50,000 215,626 241,112 Fixed assets Net plant and equipment $341,695 $362,500 Total $265,626 $ 291,112 Total assets $ 407,781 $434,000 Total liabilities and owners equity $ 407,781 $434,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $357,290 241,600 32,400 Earnings before interest and taxes Interest paid $ 83,290 16,000 Taxable income Taxes (22%) $ 67,290 14,804 Net income $ 52,486 Dividends Retained earnings $ 27,000 25,486 The company's profit marginis peront (Use year-end figures rather than average values where appropriate. Enter your answer as a percent rounded to 2 decimal places, eg, 32.16.) The total asset turnover times. (Round your answer to 2 decimal places, e.g. 32.16) The equity multiplier is times (Round your answer to 2 decimal places, 9. 32.16) Using the DuPont Identity, the company's ROES percent Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, eg. 32. 10.)

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