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The company's profit margin is percent. (Use year-end figures rather than average values where appropriate. Do not include the percent sign (%). Round the final
The company's profit margin is percent. (Use year-end figures rather than average values where appropriate. Do not include the percent sign (%). Round the final answer to 2 decimal places.) Total asset turnover is times. (Round the final answer to 3 decimal places.) Equity multiplier is D . (Round the final answer to 2 decimal places.) Using the Du Pont Identity, the company's ROE is O decimal places.) p ercent. (Do not include the percent sign (%). Round the final answer to 2 2018 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2018 2017 Current assets Current liabilities Cash $ 24,046 $ 24, 255 Accounts payable $ 23,184 Accounts receivable 12,448 15,235 Notes payable 12,000 Inventory 25,392 27,155 Other 11,571 Total $ 61,886 $ 66,645 Total $ 46,755 Long-term debt $ 80,000 Fixed assets Owners' equity Net plant and equipment $324,695 $365,734 Common stock and paid-in surplus $ 40,000 Retained earnings 219,826 Total $259,826 Total assets $386,581 $ 432,379 Total liabilities and owners' equity Total liabilities and ownergi equity $386,581 $ 27, 420 10,800 15,553 $ 53,773 $ 95,000 $ 40,000 243, 606 $283, 606 $ 432,379 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales Cost of goods sold Depreciation $366,996 253, 122 32,220 $ 81,654 14,300 $ 67,354 23,574 $ 43,780 Interest paid Taxable income Taxes (35%) Net income Dividends Additions to retained earnings $ 20,000 23, 780
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