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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

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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 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 2,941 $ 2,857 Accounts payable $ 2,198 $ 2,690 Accounts receivable 4,722 5,691 Notes payable 1,795 2,206 Inventory 12,658 13,692 Other 99 116 Total $20,321 $22,240 Total $ 4,092 $ 5,012 $ 14,200 $16,960 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 42,500 $42,500 $ Fixed assets 15,699 39,769 Net plant and equipment $ 56,170 $ 82,001 Total 82,269 $ 58,199 $ Total assets $76,491 $104,241 Total liabilities and owners' equity 104,241 $ 76,491 $ SMOLIRA GOLF, INC. 2019 Income Statement Sales $ 189,170 Cost of goods sold 127,103 Depreciation 5,243 EBIT Interest paid $56,824 1,340 Taxable income Taxes $55,484 19,419 Net income $36,065 Dividends Retained earnings $ 11,995 24,070 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 Equity multiplier Return on equity times times %

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