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

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Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 24.884 $ 25,800 24,216 Accounts payable 28,800 Cash Accounts receivable Notes payable 14,148 16,900 18,000 12,500 16,700 Inventory 27,722 28,800 Other 13,271 Total $ 66,086 58,000 71,500 Total 56,155 $ 84,888 Long-term debt 86,000 Owners' equity Common stock and paid-in surplus Accumulated retained 50,000 $50,000 215,626 241,112 earnings Fixed assets Net plant and equipment $ 291,112 $341,695 $362,500 $265,626 Total Total liabilities and owners equity $407,781 $434,000 $407,781 $434,000 Total assets SMOLIRA GOLF CORP 2018 Income Statement $357,290 241,600 32,400 Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid 83,290 16,000 Taxable income Taxes (22%) 67,290 14,804 $ 52,486 Net income $27,000 25,486 Dividends Retained earnings The company's profit margin is (Use year-end figures rather than average values where appropriate. Enter your answer as a percent. percent rounded to 2 decimal places, e.g., 32.16.) times. (Round your answer 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 Using the DuPont Identity, the company's ROE is percent. sa percent rounded to 2 decimal places, e.g., 32.16.) (Do not round intermediate cal culations. Enter your

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