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Some recent financial statements for Smolira Golf, Inc., are as follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019
Some recent financial statements for Smolira Golf, Inc., are as follow.
SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 | ||||||||||
2018 | 2019 | 2018 | 2019 | |||||||
Assets | Liabilities and Owners’ Equity | |||||||||
Current assets | Current liabilities | |||||||||
Cash | $ | 3,251 | $ | 3,407 | Accounts payable | $ | 2,143 | $ | 2,580 | |
Accounts receivable | 4,777 | 5,801 | Notes payable | 1,740 | 2,096 | |||||
Inventory | 12,438 | 13,802 | Other | 88 | 105 | |||||
Total | $ | 20,466 | $ | 23,010 | Total | $ | 3,971 | $ | 4,781 | |
Long-term debt | $ | 13,600 | $ | 16,360 | ||||||
Owners’ equity | ||||||||||
Common stock | ||||||||||
and paid-in surplus | $ | 37,000 | $ | 37,000 | ||||||
Fixed assets | Accumulated retained earnings | 15,644 | 38,966 | |||||||
Net plant and equipment | $ | 49,749 | $ | 74,097 | Total | $ | 52,644 | $ | 75,966 | |
Total assets | $ | 70,215 | $ | 97,107 | Total liabilities and owners’ equity | $ | 70,215 | $ | 97,107 | |
SMOLIRA GOLF, INC. 2019 Income Statement | ||||
Sales | $ | 186,970 | ||
Cost of goods sold | 126,003 | |||
Depreciation | 5,353 | |||
EBIT | $ | 55,614 | ||
Interest paid | 1,450 | |||
Taxable income | $ | 54,164 | ||
Taxes | 18,957 | |||
Net income | $ | 35,207 | ||
Dividends | $ | 11,885 | ||
Retained earnings | 23,322 | |||
Construct the DuPont identity for Smolira Golf.
Find
profit margin
total asset turnover
equity multiplier
return on equity
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