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Some recent financial statements for Smolira Golf Corp, follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018

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Some recent financial statements for Smolira Golf Corp, follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 37,837 Accounts payable $ 36,722 27.766 Notes payable 19,008 42,632 Other 19,864 Current assets Cash Accounts receivable Inventory $ 42,582 $ 34,385 17,801 36,310 16,200 24,634 Total $ 88,496 $ 108,235 Total $ 75,594 $ 83,416 Long-term debt $ 115,000 $ 145,000 Owners' equity Common stock and paid in surplus Accumulated retained earnings $ 55,000 $ 55,000 307,217 344,452 Net plant and equipment $464,315 $ 519,633 Total $362,217 $399,452 Total assets $552,811 $627,868 Total liabilities and owners equity $ 552,811 $627,868 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $506,454 359,328 44,463 equity $627,868 $506,454 359,328 44,463 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (25%) $ 102,663 19,683 $ 82.980 20.745 Net Income $ 62.235 Dividends Retained earnings $25,000 37,235 The company's profit marginis 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.) Total asset turnover is (Round your answer to 2 decimal places, e... 32.16.) Equity multiplier is (Round your answer to 2 decimal places...g. 32.16.) Using the DuPont identity, the company's ROE is percent (Enter your answer as a percent rounded to 2 decimal places, o... 32.16.)

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