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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 Current assets Current liabilities Cash $ 34,385 $ 37,837 Accounts payable $ 36,722 Accounts receivable 17,801 27.766 Notes payable 19,008 Inventory 36.310 42,632 Other 19,864 2018 $ 42.582 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 pald-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 $552811 $627,868 Total liabilities and owners equity $ 552,811 $627.868 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before Interest and taxes Interest pald $506,454 359,328 44,463 $ 102,663 19,683 Taxable income Taxes (25%) Net Income $ 82,980 20,745 $ 62,235 Dividends Retained earnings $25,000 37.235 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.) Total asset turnover is (Round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier is (Round your answer to 2 decimal places., e.g., 32.16.) Using the DuPont Identity, the company's ROE is percent. (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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