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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
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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