Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31,...

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Finance

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
Assets Liabilities and Owners’ Equity
Current assets Current liabilities
Cash $ 3,211 $ 3,307 Accounts payable $ 2,153 $ 2,600
Accounts receivable 4,767 5,781 Notes payable 1,750 2,116
Inventory 12,478 13,782 Other 90 107
Total $ 20,456 $ 22,870 Total $ 3,993 $ 4,823
Long-term debt $ 13,400 $ 16,160
Owners’ equity
Common stock and paid-in surplus $ 38,000 $ 38,000
Fixed assets Accumulated retained earnings 15,654 39,112
Net plant and equipment $ 50,591 $ 75,225 Total $ 53,654 $ 77,112
Total assets $ 71,047 $ 98,095 Total liabilities and owners’ equity $ 71,047 $ 98,095

SMOLIRA GOLF, INC.
2016 Income Statement
Sales $ 187,370
Cost of goods sold 126,203
Depreciation 5,333
EBIT $ 55,834
Interest paid 1,430
Taxable income $ 54,404
Taxes 19,041
Net income $ 35,363
Dividends $ 11,905
Retained earnings 23,458
Construct the DuPont identity for Smolira Golf. (Do notround intermediate calculations and round your answers to 2 decimalplaces, e.g., 32.16. Enter the profit margin and return on equityas a percent.)
Profit margin %
Total asset turnover times
Equity multiplier times
Return on equity %

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Some recent financial statements for Smolira Golf, Inc.,follow.SMOLIRA GOLF, INC.Balance Sheets as of December 31, 2015 and 20162015201620152016AssetsLiabilities and Owners’ EquityCurrent assetsCurrent liabilitiesCash$3,211$3,307Accounts payable$2,153$2,600Accounts receivable4,7675,781Notes payable1,7502,116Inventory12,47813,782Other90107Total$20,456$22,870Total$3,993$4,823Long-term debt$13,400$16,160Owners’ equityCommon stock and paid-in surplus$38,000$38,000Fixed assetsAccumulated retained earnings15,65439,112Net plant and equipment$50,591$75,225Total$53,654$77,112Total assets$71,047$98,095Total liabilities and owners’ equity$71,047$98,095 SMOLIRA GOLF, INC.2016 Income StatementSales$187,370Cost of goods sold126,203Depreciation5,333EBIT$55,834Interest paid1,430Taxable income$54,404Taxes19,041Net income$35,363Dividends$11,905Retained earnings23,458Construct the DuPont identity for Smolira Golf. (Do notround intermediate calculations and round your answers to 2 decimalplaces, e.g., 32.16. Enter the profit margin and return on equityas a percent.)Profit margin%Total asset turnovertimesEquity multipliertimesReturn on equity%

SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016
	2015		2016			2015		2016
Assets					Liabilities and Owners’ Equity
Current assets					Current liabilities
Cash	$	3,211	$	3,307	Accounts payable	$	2,153	$	2,600
Accounts receivable		4,767		5,781	Notes payable		1,750		2,116
Inventory		12,478		13,782	Other		90		107
Total	$	20,456	$	22,870	Total	$	3,993	$	4,823
					Long-term debt	$	13,400	$	16,160
					Owners’ equity
					Common stock and paid-in surplus	$	38,000	$	38,000
Fixed assets					Accumulated retained earnings		15,654		39,112
Net plant and equipment	$	50,591	$	75,225	Total	$	53,654	$	77,112
Total assets	$	71,047	$	98,095	Total liabilities and owners’ equity	$	71,047	$	98,095

SMOLIRA GOLF, INC. 2016 Income Statement
Sales			$	187,370
Cost of goods sold				126,203
Depreciation				5,333
EBIT			$	55,834
Interest paid				1,430
Taxable income			$	54,404
Taxes				19,041
Net income			$	35,363
Dividends	$	11,905
Retained earnings		23,458


Profit margin		%
Total asset turnover		times
Equity multiplier		times
Return on equity		%