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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 $ 24,096 $ 24,600 Accounts payable $ 23,684 $ 27,600
Accounts receivable 12,948 15,700 Notes payable 14,000 11,300
Inventory 26,242 27,600 Other 12,071 18,100
Total $ 63,286 $ 67,900 Total $ 49,755 $ 57,000
Long-term debt $ 74,000 $ 70,557
Owners equity
Common stock and paid-in surplus $ 48,000 $ 48,000
Accumulated retained earnings 221,226 253,444
Fixed assets
Net plant and equipment $ 329,695 $ 361,100 Total $ 269,226 $ 301,444
Total assets $ 392,981 $ 429,000 Total liabilities and owners equity $ 392,981 $ 429,000

SMOLIRA GOLF CORP. 2018 Income Statement
Sales $ 414,290
Cost of goods sold 265,500
Depreciation 57,700
Earnings before interest and taxes $ 91,090
Interest paid 14,800
Taxable income $ 76,290
Taxes (25%) 19,073
Net income $ 57,218
Dividends $ 25,000
Retained earnings 32,218

The company's profit margin?

The total asset turnover?

The equity multiplier?

Using the DuPont Identity, the company's ROE is ....%

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