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Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 Assets 2017
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 Assets 2017 Current assets Cash Accounts receivable Inventory $ 24,216 14,148 27722 2018 $ 25,800 2018 Current liabilities Accounts payable $ 24,884 $ 28,800 16,900 Notes payable 28,800 Other 18,000 13.271 12,500 16,700 Total $66,086 $ 71,500 Total $ 56,155 $ 58,000 Long-term debt $ 86,000 $ 84,888 Owners' equity Common stock and paid-in $ 50,000 $ 50,000 surplus Accumulated retained 215,626 241,112 earnings Fixed assets Net plant and equipment $341,695 $362,500 Total $265,626 $ 291,112 Total assets $ 407,781 $434,000 Total liabilities and owners' equity $ 407,781 $434,000 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (22%) $357,290 241,600 32,400 $ 83,290 16,000 $ 67,290 14,804 $ 52,486 Net income Dividends Retained earnings $27,000 25,486 The company's profit margin is percent rounded to 2 decimal places, e.g., 32.16.) The equity multiplier is percent times. percent. (Use year-end figures rather than average values where appropriate. Enter your answer as a The total asset turnover is Smes (Round your answer to 2 decimal places, eg. 32.16) (Round your answer to 2 decimal places, eg. 32.16) Using the DuPont Identity, the company's ROE s (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, eg. 32.16)
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