Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current assets Current liabilities Cash $ 24,126 $ 24,900 Accounts payable $ 23,984 $ 27,900 Accounts receivable 13,248 16,000 Notes payable 18,000 11,600 Inventory 26,542 27,900 Other 12,371 16,500 Total $ 63,916 $ 68,800 Total $ 54,355 $ 56,000 Long-term debt $ 77,000 $ 74,606 Owners' equity Common stock and paid-in surplus $50,000 $ 50.000 Accumulated retained earnings 215,256 250,394 Fixed assets Net plant and equipment $ 332,695 $ 362,200 Total 265,256 300,394 Total assets $ 396,611 $ 431,000 Total liabilities and owners' equity $ 396,611 $ 431,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation 392,907 256,500 48,400 Earnings before interest and taxes Interest paid $ 88,007 15,100 Taxable income Taxes (23%) $ 72,907 16.769 Net income $ 56,138 Dividends Retained earnings $ 21,000 35,138 Construct the DuPont identity for Smolira Golf Corporation The company's profit margin The total asset turnover is The equity multiplier is Using the DuPont identity, the company's ROE IS Answer is complete but not entirely correct. 14.29 percent (Use year-end figures rather than average values where appropriate Enter your answer as a percent rounded to 2 decimal places, 0.9. 32. 16.) 0.95 times (Round your answer to 2 decimal places, 6.g. 32.16) 1.46 times (Round your answer to 2 decimal places, 0.9., 32 16.) 19.85 percent (Do not found intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16)