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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

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 $ 32,653 $ 39,350 Accounts payable $ 34,886 $ 44,285
Accounts receivable 16,911 28,877 Notes payable 18,058 16,848
Inventory 34,495 44,336 Other 18,871 25,619
Total $ 84,059 $ 112,563 Total $ 71,815 $ 86,752
Long-term debt $ 110,000 $ 140,000
Owners equity
Common stock and paid-in surplus $ 55,000 $ 55,000
Fixed assets Accumulated retained earnings 288,343 333,683
Net plant and equipment $ 441,099 $ 502,872 Total $ 343,343 $ 388,683
Total assets $ 525,158 $ 615,435 Total liabilities and owners equity $ 525,158 $ 615,435

SMOLIRA GOLF CORPORATION
2021 Income Statement
Sales $ 531,750
Cost of goods sold 377,294
Depreciation 46,686
Earnings before interest and taxes $ 107,770
Interest paid 20,650
Taxable income $ 87,120
Taxes (25%) 21,780
Net income $ 65,340
Dividends $ 20,000
Retained earnings 45,340

Construct the DuPont identity for Smolira Golf Corporation.

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.)
Total asset turnover is
_______
times. (Round your answer to 2 decimal places, e.g., 32.16.)
Equity multiplier is
_______
times. (Round your answer to 2 decimal places., e.g., 32.16.)
Using the DuPont identity, the company's ROE is _______ percent. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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