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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 $ 24,096 $ 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 $ 82,000
Owners equity
Common stock and paid-in surplus $ 48,000 $ 48,000
Accumulated retained earnings 221,226 242,000
Fixed assets
Net plant and equipment $ 329,695 $ 361,100 Total $ 269,226 $ 290,000
Total assets $ 392,981 $ 429,000 Total liabilities and owners equity $ 392,981 $ 429,000

SMOLIRA GOLF CORP. 2015 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 (40%) 30,516
Net income $ 45,774
Dividends $ 25,000
Retained earnings 20,774

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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