Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Inventory $ 4,607 $ 4,910 6,702 8,149 17,357 19,350 Current liabilities Accounts payable Notes payable Other Total $28,666 $32,409 Total Fixed assets Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained $ 3.413 $ 3,846 2,768 138 $ 6,319 $ 7,427 $22,500 $ 19,000 $38,000 $ 38,000 20.535 44,792 3,416 165 earnings Net plant and $ 58,688 $ 76,810 Total equipment Total assets $87,354 $109,219 Total liabilities and owners SMOLIRA GOLF, INC. 2014 Income Statement Sales Cost of goods sold Depreciation $ 205,227 138,383 5,910 EBIT $ 60,934 Interest paid 1,617 equity $58,535 $ 82,792 $ 87,354 $ 109,219 5:32 Sales Cost of goods sold SMOLIRA GOLF, INC. 2014 Income Statement Depreciation EBIT $ 205,227 138,383 5,910 $ 60,934 Interest paid 1,617 Taxable 59,317 income Taxes Net income 20,760 $ 38,557 Dividends $ 14,300 Retained 24,257 earnings for year 2014, profit margin ratio is Numeric Response percent (keep at least two decimal, if you answer is 12.45 percent, enter 12.45 for the blank )