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2020 2021 Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 23,086 $ 25,500 Accounts payable Accounts receivable 13,848 16,600 Notes payable Inventory 27,362 28,500 Other Total $ 64,296 $ 70,600 Total $ 24,584 $ 28,500 15,000 12,200 12,971 18,300 $ 52,555 $ 59,000 Long-term debt $ 55,000 $ 49,383 Owners' equity Common stock and paid-in surplus $ 52,000 $ 52,000 Accumulated retained earnings 243,436 274,617 Fixed assets Net plant and equipment $ 338,695 Total $ 295,436 $ 326,617 364,400 Total assets $ 402,991 435,000 Total liabilities and owners' equity $ 402,991 435,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales 359,607 235,900 35,400 Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (24%) Net income $ 88,307 15,700 $ 72,607 17,426 $ 55,181 Dividends Retained earnings $ 24,000 31,181 Construct the DuPont identity for Smolira Golf Corporation The company's profit marginis percent The total asset turnover is The equity multiplier is times (Use year-end figures rather than average values where app! answer as a percent rounded to 2 decimal places, 0.9.. 32.16 (Round your answer to 2 decimal places, .9., 32.16.) (Round your answer to 2 decimal places, e.g. 32. 16.) (Do not round Intermediate calculations and enter your ans rounded to 2 decimal places..9.. 32.16.) mos Using the DuPont identity, the company's ROE is percent

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