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Some recent financial statements for Smolira Golf Corp. follow.    SMOLIRA GOLF CORP. 2017 and 2018...

Some recent financial statements for Smolira Golf Corp. follow.

  

SMOLIRA GOLF CORP.
2017 and 2018 Balance Sheets
Assets Liabilities and Owners’ Equity
2017 2018 2017 2018
  Current assets   Current liabilities
      Cash $ 34,385 $ 37,837       Accounts payable $ 36,722 $ 42,582
      Accounts receivable 17,801 27,766       Notes payable 19,008 16,200
      Inventory 36,310 42,632       Other 19,864 24,634
        Total $ 88,496 $ 108,235         Total $ 75,594 $ 83,416
  Long-term debt $ 115,000 $ 145,000
  Owners’ equity
      Common stock and paid-in surplus $ 55,000 $ 55,000
      Accumulated retained earnings 307,217 344,452
  Net plant and equipment $ 464,315 $ 519,633 Total $ 362,217 $ 399,452
  Total assets $ 552,811 $ 627,868   Total liabilities and owners’ equity $ 552,811 $ 627,868
SMOLIRA GOLF CORP.
2018 Income Statement
  Sales $ 506,454
  Cost of goods sold 359,328
  Depreciation 44,463
  Earnings before interest and taxes $ 102,663
  Interest paid 19,683
  Taxable income $ 82,980
  Taxes (25%) 20,745
  Net income $ 62,235
      Dividends $ 25,000
      Retained earnings 37,235
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.) Total asset turnover is . (Round your answer to 2 decimal places, e.g., 32.16.)
Equity multiplier is . (Round your answer to 2 decimal places., e.g., 32.16.)
Using the DuPont Identity, the company's ROE is percent. (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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