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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
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 Cash Accounts receivable. Current liabilities Inventory $ 3,251 4,777 12,438 $ 3,407 Accounts payable 5,801 13,802 Notes payable Other $ 2,143 1,740 88 $ 2,580 2,096 105 Total $20,466 $23,010 Total $ 3,971 $ 4,781 Long-term debt $13,600 $16,360 Owners' equity Fixed assets Common stock and paid-in surplus Accumulated retained earnings: $37,000 $37,000 15,644 38,966 Net plant and equipment Total assets $49,749 $74,097 Total $52,644 $75,966 $70,215 $97,107 Total liabilities and owners' equity $70,215 $97,107 SMOLIRA GOLF, INC. 2016 Income Statement $186,970 126,003 Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income 5,353 $ 55,614 1,450 $ 54,164 Taxes Net income 18,957 $ 35,207 Dividends Retained earnings $11,885 23,322 Construct the DuPont identity for Smolira Golf. (Do not round intermediate calculations and round your answers to 2 decimal place e.g., 32.16. Enter the profit margin and return on equity as a percent.) Profit margin Total asset turnover Equity multiplier Return on equity % times times. A
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