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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
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 | Current liabilities | |||||||||
Cash | $ | 3,271 | $ | 3,457 | Accounts payable | $ | 2,138 | $ | 2,570 | |
Accounts receivable | 4,782 | 5,811 | Notes payable | 1,735 | 2,086 | |||||
Inventory | 12,418 | 13,812 | Other | 87 | 104 | |||||
Total | $ | 20,471 | $ | 23,080 | Total | $ | 3,960 | $ | 4,760 | |
Long-term debt | $ | 13,700 | $ | 16,460 | ||||||
Owners equity | ||||||||||
Common stock | ||||||||||
and paid-in surplus | $ | 36,500 | $ | 36,500 | ||||||
Fixed assets | Accumulated retained earnings | 15,639 | 38,893 | |||||||
Net plant and equipment | $ | 49,328 | $ | 73,533 | Total | $ | 52,139 | $ | 75,393 | |
Total assets | $ | 69,799 | $ | 96,613 | Total liabilities and owners equity | $ | 69,799 | $ | 96,613 | |
SMOLIRA GOLF, INC. 2014 Income Statement | ||||
Sales | $ | 186,770 | ||
Cost of goods sold | 125,903 | |||
Depreciation | 5,363 | |||
EBIT | $ | 55,504 | ||
Interest paid | 1,460 | |||
Taxable income | $ | 54,044 | ||
Taxes | 18,915 | |||
Net income | $ | 35,129 | ||
Dividends | $ | 11,875 | ||
Retained earnings | 23,254 | |||
Required: |
Construct the Du Pont identity for Smolira Golf. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16). Enter the profit margin and return on equity as percents.) |
Profit margin | % | |
Total asset turnover | times | |
Equity multiplier | tmes | |
Return on equity | % |
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