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Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016

Some recent financial statements for Smolira Golf, Inc., follow.

SMOLIRA GOLF, INC.

Balance Sheets as of December 31, 2015 and 2016

2015 2016 2015 2016

Assets Liabilities and Owners Equity

Current assets Current liabilities

Cash $ 2,971 $ 2,907 Accounts payable $ 2,193 $ 2,680

Accounts receivable 4,727 5,701 Notes payable 1,790 2,196

Inventory 12,638 13,702 Other 98 115

Total $ 20,336 $ 22,310 Total $ 4,081 $ 4,991

Long-term debt $ 14,100 $ 16,860

Owners equity

Common stock and paid-in surplus $ 42,000 $ 42,000

Fixed assets Accumulated retained earnings 15,694 39,696

Net plant and equipment $ 55,539 $ 81,237 Total $ 57,694 $ 81,696

Total assets $ 75,875 $ 103,547 Total liabilities and owners equity $ 75,875 $ 103,547

SMOLIRA GOLF, INC.

2016 Income Statement

Sales $ 188,970

Cost of goods sold 127,003

Depreciation 5,253

EBIT $ 56,714

Interest paid 1,350

Taxable income $ 55,364

Taxes 19,377

Net income $ 35,987

Dividends $ 11,985

Retained earnings 24,002

Construct the DuPont 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 %

Total asset turnover times

Equity multiplier times

Return on equity %

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