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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 Liabilities and Owners'
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 Liabilities and Owners' Equity 2018 2019 2019 Assets Current assets Current liabilities 2,851 $ 2,707 4,707 12,718 $ 2,213 $ 2,720 2,236 119 Cash Accounts payable Notes payable Accounts receivable 5,661 1,810 13,662 Inventory Other 102 $4,125 5,075 $20,276 $22,030 Total Total Long-term debt Owners' equity $14,500 $17,260 Common stock and paid-in surplus $44,000 44,000 39,988 Accumulated retained Fixed assets 15,714 earnings Net plant and equipment $58,063 $ 84,293 Total $ 59,714 $ 83,988 $78,339 $106.323 Total liabilities and owners' equity Total assets $78,339$106,323 SMOLIRA GOLF, INC. 2019 Income Statement 189,770 $ Sales 127,403 Cost of goods sold Depreciation 5,213 BIT 57,154 1,310 Interest paid $55,844 19,545 Taxable income xes $36,299 Net income 12,025 $ Dividends 24,274 Retained earnings Construct the Du Pont identity for Smolira Golf. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin and return on equity as a percent.) Profit margin 19.00 % Total asset turnover 1.78 times Equity multiplier Return on equity times
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