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Some recent financial statements for Smolira Golf Corp. follow Assets 2014 2015 2015 Current assets Cash Accounts receivable Inventory $ 24,086 12,848 26.042 SMOLIRA GOLF

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Some recent financial statements for Smolira Golf Corp. follow Assets 2014 2015 2015 Current assets Cash Accounts receivable Inventory $ 24,086 12,848 26.042 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2014 Current liabilities $ 24,500 Accounts payable $ 23.584 15,600 Notes payable 15.000 27,500 Other 11,971 $ 67,600 Total $ 50,555 Long-term debt $ 60,000 Owners' equity Common stock and paid-in surplus $ 44,000 Accumulated retained earnings 237,116 $ 27.500 11,200 18,300 $ 62,976 Total $ 57,000 $ 73,000 $ 44,000 256,000 Fbced assets Net plant and equipment $328 695 $362.400 Total $281,116 $300,000 $391,671 Total assets $430,000 Total liabilities and owners' equity $430,000 $391.671 SMOLIRA GOLF CORP 2015 Income Statement Sales Cost of goods sold Depreciation $373 473 254,500 32,800 Earnings before interest and taxes Interest paid $ 86.173 14.700 Taxable income Taxes (40%) $71.473 28 589 Net income $ 42.884 $ 24,000 Dividends Retained earnings 18.884 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... 32.16.) The total asset tumover is times. (Round your answer to 2 decimal places, e... 32.16.) The equity multiplier is times. (Round your answer to 2 decimal places, ... 32.16.) Using the Du Pont Identity, the company's ROE percent. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.)

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