Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable. Inventory...
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Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable. Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales. Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings. $ 187,170 126,103 5,343 $ 55,724 1,440 $ 54,284 18,999 $ 35,285 $ 11,895 23,390 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2021 2022 Liabilities and Owners' Equity Current liabilities. $3,231 4,772 12,458 $ 20,461 $ 3,357 5,791 13,792 $ 22,940 $ 50,170 $ 74,661 $ 70,631 $ 97,601 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 2021 $ 2,148 1,745 89 $ 3,982 $ 13,500 $ 37,500 15,649 $ 53,149. $ 70,631 2022 $ 2,590 2,106 106 $ 4,802 $ 16,260 $ 37,500 39,039 $ 76,539 $ 97,601 Construct the DuPont identity for Smolira Golf. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin and return on equity as a percent. Profit margin Total asset turnover Equity multiplier Return on equity % times times % Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable. Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales. Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings. $ 187,170 126,103 5,343 $ 55,724 1,440 $ 54,284 18,999 $ 35,285 $ 11,895 23,390 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2021 2022 Liabilities and Owners' Equity Current liabilities. $3,231 4,772 12,458 $ 20,461 $ 3,357 5,791 13,792 $ 22,940 $ 50,170 $ 74,661 $ 70,631 $ 97,601 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 2021 $ 2,148 1,745 89 $ 3,982 $ 13,500 $ 37,500 15,649 $ 53,149. $ 70,631 2022 $ 2,590 2,106 106 $ 4,802 $ 16,260 $ 37,500 39,039 $ 76,539 $ 97,601 Construct the DuPont identity for Smolira Golf. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin and return on equity as a percent. Profit margin Total asset turnover Equity multiplier Return on equity % times times %
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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