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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
Cash $ 23,086 $ 25,500 Accounts payable $ 24,584 $ 28,500
Accounts receivable 13,848 16,600 Notes payable 15,000 12,200
Inventory 27,362 28,500 Other 12,971 18,300
Total $ 64,296 $ 70,600 Total $ 52,555 $ 59,000
Long-term debt $ 55,000 $ 49,383
Owners equity
Common stock and paid-in surplus $ 52,000 $ 52,000
Accumulated retained earnings 243,436 274,617
Fixed assets
Net plant and equipment $ 338,695 $ 364,400 Total $ 295,436 $ 326,617
Total assets $ 402,991 $ 435,000 Total liabilities and owners equity $ 402,991 $ 435,000

SMOLIRA GOLF CORP. 2018 Income Statement
Sales $ 359,607
Cost of goods sold 235,900
Depreciation 35,400
Earnings before interest and taxes $ 88,307
Interest paid 15,700
Taxable income $ 72,607
Taxes (24%) 17,426
Net income $ 55,181
Dividends $ 24,000
Retained earnings 31,181

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.)

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