Problem 3-36 DuPont Identity [LO 3] Some recent financial statements for Smolira Golf, Incorporated, follow. SMOLIRA...

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Problem 3-36 DuPont Identity [LO 3] Some recent financial statements for Smolira Golf, Incorporated, follow. SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets Current assets 2021 2022 Liabilities and Owners' Equity Current liabilities 2021 Cash Accounts receivable Inventory $ 2,941 4,722 12,658 $ 2,857 Accounts payable 5,691 Notes payable Total $ 20,321 13,692 $ 22,240 Other $ 2,198 1,795 99 2022 $ 2,690 2,206 116 Total $ 4,092 Long-term debt $ 14,200 $ 5,012 $ 16,960 Owners' equity Fixed assets Common stock and paid-in surplus Accumulated retained earnings $ 42,500 15,699 S Net plant and equipment Total assets $ 56,170 $ 76,491 $ 82,001 $ 104,241 Total $ 58,199 $ 42,500 39,769 $ 82,269 Total liabilities and owners' equity $ 76,491 $ 104,241 SMOLIRA GOLF, INCORPORATED 127,103 5,243 2022 Income Statement Sales $ 189,170 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $ 56,824 1,340 $ 55,484 19,419 $ 36,065 $ 11,995 24,070 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 % times Equity multiplier times Return on equity % Problem 3-36 DuPont Identity [LO 3] Some recent financial statements for Smolira Golf, Incorporated, follow. SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets Current assets 2021 2022 Liabilities and Owners' Equity Current liabilities 2021 Cash Accounts receivable Inventory $ 2,941 4,722 12,658 $ 2,857 Accounts payable 5,691 Notes payable Total $ 20,321 13,692 $ 22,240 Other $ 2,198 1,795 99 2022 $ 2,690 2,206 116 Total $ 4,092 Long-term debt $ 14,200 $ 5,012 $ 16,960 Owners' equity Fixed assets Common stock and paid-in surplus Accumulated retained earnings $ 42,500 15,699 S Net plant and equipment Total assets $ 56,170 $ 76,491 $ 82,001 $ 104,241 Total $ 58,199 $ 42,500 39,769 $ 82,269 Total liabilities and owners' equity $ 76,491 $ 104,241 SMOLIRA GOLF, INCORPORATED 127,103 5,243 2022 Income Statement Sales $ 189,170 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $ 56,824 1,340 $ 55,484 19,419 $ 36,065 $ 11,995 24,070 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 % times Equity multiplier times Return on equity %