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The company's profit margin is [ percent. (Use year-end figures rather than average values where appropriate. Enter your answer as a percent rounded to
The company's profit margin is [ percent. (Use year-end figures rather than average values where appropriate. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) The total asset turnover is answer to 2 decimal places, e.g., 32.16.) The equity multiplier is times. (Round your times. (Round your answer to 2 decimal places, e.g., 32.16.) Using the Du Pont Identity, the company's ROE IS percent. (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Current assets Cash Assets 2014 2015 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2014 2015 Accounts receivable Inventory $ 24,096 12,948 26,242 $ 24,600 Current liabilities Accounts payable $ 23,684 $ 27,600 15,700 Notes payable 14,000 11,300 27,600 Other 12,071 18,100 Total $ 63,286 $ 67,900 Total $ 49,755 $ 57,000 Long-term debt $ 74,000 $ 82,000 Owners' equity Common stock and paid-In $ 48,000 $ 48,000 surplus Accumulated retained 221,226 242,000 earnings Fixed assets Net plant and equipment $329,695 $ 361,100 Total $269,226 $290,000 Total assets $ 392,981 $429,000 Total liabilities and owners' equity $ 392,981 $429,000 Sales SMOLIRA GOLF CORP. 2015 Income Statement Cost of goods sold $ 414,290 265,500 Depreciation 57,700 Earnings before Interest $ 91,090 and taxes Interest paid 14.800 Taxable Income Taxes (40%) Net Income Dividends $25,000 Retained earnings 20,774 $ 76,290 30,516 $ 45,774
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