Problem $3-36$ DuPont Identity $[$LO $3]$

Some recent financial statements for Smolira Golf, Inc., follow.

SMOLIRA GOLF, INC.

Balance Sheets as of December $31,2018$ and $2019$

$2018201920182019$

Assets Liabilities and Owners$$ Equity

Current assets Current liabilities

Cash $ $2,791$ $ $2,607$ Accounts payable $ $2,223$ $ $2,740$

Accounts receivable $4,6975,641$ Notes payable $1,8202,256$

Inventory $12,75813,642$ Other $104121$

Total $ $20,246$ $ $21,890$ Total $ $4,147$ $ $5,117$

Long$-$term debt $ $14,700$ $ $17,460$

Owners$$ equity

Common stock

and paid$-$in surplus $ $45,000$ $ $45,000$

Fixed assets Accumulated retained earnings $15,72440,134$

Net plant and equipment $ $59,325$ $ $85,821$ Total $ $60,724$ $ $85,134$

Total assets $ $79,571$ $ $107,711$ Total liabilities and owners$$ equity $ $79,571$ $ $107,711$

SMOLIRA GOLF, INC.

$2019$ Income Statement

Sales $ $190,170$

Cost of goods sold $127,603$

Depreciation $5,193$

EBIT $ $57,374$

Interest paid $1,290$

Taxable income $ $56,084$

Taxes $19,629$

Net income $ $36,455$

Dividends $ $12,045$

Retained earnings $24,410$

Construct the DuPont identity for Smolira Golf. $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$ Enter the profit margin and return on equity as a percent.$)$