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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 $ 24,116 $ 24,800 Accounts payable $ 23,884 $ 27,800
Accounts receivable 13,148 15,900 Notes payable 17,000 11,500
Inventory 26,392 27,800 Other 12,271 15,700
Total $ 63,656 $ 68,500 Total $ 53,155 $ 55,000
Long-term debt $ 76,000 $ 94,000
Owners equity
Common stock and paid-in surplus $ 40,000 $ 40,000
Accumulated retained earnings 226,196 245,000
Fixed assets
Net plant and equipment $ 331,695 $ 365,500 Total $ 266,196 $ 285,000
Total assets $ 395,351 $ 434,000 Total liabilities and owners equity $ 395,351 $ 434,000

SMOLIRA GOLF CORP. 2015 Income Statement
Sales $ 396,340
Cost of goods sold 256,000
Depreciation 49,000
Earnings before interest and taxes $ 91,340
Interest paid 15,000
Taxable income $ 76,340
Taxes (40%) 30,536
Net income $ 45,804
Dividends $ 27,000
Retained earnings 18,804

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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