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 $ 25,900 Accounts payable $ 24,984 17,000 Notes payable 17,000 28,900 Other 13,371 $ 24,226 14,248 27,802 $ 28,900 12,600 17,500 Total $ 66,276 $ 71,800 Total $ 55,355 $ 59,000 $124,000 $ 127,662 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 60,000 $ 60,000 169,616 189,338 Fixed assets Net plant and equipment $342,695 $364,200 Total $ 229,616 $249,338 Total assets $ 408,971 $436,000 Total liabilities and owners' equity $ 408,971 $436,000 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $390,477 261,500 50,900 Earnings before interest and taxes Interest paid $ 78,077 16.100 Taxable income Taxes (23%) $ 61,977 14,255 Net income $ 47,722 Dividends Retained earnings $28,000 19,722 The company's profit margin is percent. (Use year-end figures rather than average values where appropriate. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) The total asset turnover is times. (Round your answer to 2 decimal places, e.g., 32.16.) The equity multiplier is times (Round your answer to 2 decimal places, e.g., 32.16.) Using the DuPont Identity, the company's ROE is percent (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)