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Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets Fixed assets Net plant and equipment $ 325,695 $24,056 $24,200 12,548 25,592 $
Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets Fixed assets Net plant and equipment $ 325,695 $24,056 $24,200 12,548 25,592 $ 62,196 $66,700 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $ 387,891 15,300 27,200 365,300 432,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2020 2021 $23,284 $27,200 12,000 10,900 11,671 15,900 $ 46,955 $ 54,000 $90,000 $93,294 $42,000 $ 42,000 208,936 242,706 250,936 284,706 $ 387,891 432,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid. Taxable income Taxes (21%) Net income Dividends Retained earnings $ 21,000 33,770 $ 336,329 231,000 21,600 $ 83,729 14,400 $ 69,329 14,559 $ 54,770 Construct the DuPont identity for Smolira Golf Corporation. The company's profit margin is The total asset turnover is The equity multiplier is Using the DuPont identity, the company's ROE is percent. times. times. percent. (Use year-end figures rather than average values where approp answer as a percent rounded to 2 decimal places, e.g.. 32.16.), (Round your answer to 2 decimal places, e.g., 32.16.) (Round your answer to 2 decimal places, .g.. 32.16.) (Do not round intermediate calculations and enter your answe rounded to 2 decimal places, e.g.. 32.16.)
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