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Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019

Some recent financial statements for Smolira Golf, Inc., 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 $ 5,298 $ 5,827 Accounts payable $ 3,754 $ 3,986
Accounts receivable 7,707 8,477 Notes payable 3,045 3,318
Inventory 12,150 21,956 Other 152 179
Total $ 25,155 $ 36,260 Total $ 6,951 $ 7,483
Long-term debt $ 24,700 $ 16,000
Owners equity
Common stock
and paid-in surplus $ 40,000 $ 37,000
Fixed assets Accumulated retained earnings 28,805 55,189
Net plant and equipment $ 75,301 $ 79,412 Total $ 68,805 $ 92,189
Total assets $ 100,456 $ 115,672 Total liabilities and owners equity $ 100,456 $ 115,672

SMOLIRA GOLF, INC. 2019 Income Statement
Sales $ 229,854
Cost of goods sold 184,317
Depreciation 8,730
EBIT $ 36,807
Interest paid 1,811
Taxable income $ 34,996
Taxes 7,349
Net income $ 27,647
Dividends $ 16,000
Retained earnings 11,647

Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin, return on assets, and return on equity as a percent.)

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