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Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014

Some recent financial statements for Smolira Golf Corp. follow.

SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets
Assets Liabilities and Owners Equity
2014 2015 2014 2015
Current assets Current liabilities
Cash $ 23,046 $ 25,100 Accounts payable $ 24,184 $ 28,100
Accounts receivable 13,448 16,200 Notes payable 20,000 11,800
Inventory 26,822 28,100 Other 12,571 19,100
Total $ 63,316 $ 69,400 Total $ 56,755 $ 59,000
Long-term debt $ 79,000 $ 90,000
Owners equity
Common stock and paid-in surplus $ 48,000 $ 48,000
Accumulated retained earnings 214,256 237,000
Fixed assets
Net plant and equipment $ 334,695 $ 364,600 Total $ 262,256 $ 285,000
Total assets $ 398,011 $ 434,000 Total liabilities and owners equity $ 398,011 $ 434,000

SMOLIRA GOLF CORP. 2015 Income Statement
Sales $ 349,760
Cost of goods sold 241,500
Depreciation 27,200
Earnings before interest and taxes $ 81,060
Interest paid 15,300
Taxable income $ 65,760
Taxes (35%) 23,016
Net income $ 42,744
Dividends $ 20,000
Retained earnings 22,744

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 Du Pont 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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