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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 Liabilities and Owners Equity Current assets Current liabilities S 3,251 4,777 S 3.407 5,801 Accounts payable Notes payable S 2,143 2,580 2,096 1.740 Accounts receivable Inventory 4.781 S13,600 $16,360 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings S37,000 $37,000 38.966 Fxed assets 15.644 Net plant and equipment Total assets $49.749 $74.097 70,215 S97,107 Total liabilities and owners' equity $52644 $75 966 Total S70,215 $97.107 SMOLIRA GOLF, INC 2016 Income Statement Sales Cost of goods sold Depreciation $186,970 126,003 Interest paid Taxable income 55,614 1,450 $ 54,164 Net income S 35,207 Dividends Retained earnings $11,885 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 multipier Return on equity imes imes
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