Question: Some recent financial statements for Mathison, Inc., follow. MATHISON, INC. Balance Sheets as of December 31, 2020 and 2021 2020 2021 2020 2021 Assets Liabilities

Some recent financial statements for Mathison, Inc., follow.

MATHISON, INC. Balance Sheets as of December 31, 2020 and 2021
2020 2021 2020 2021
Assets Liabilities and Owners Equity
Current assets Current liabilities
Cash $ 5,298 $ 5,827 Accounts payable $ 3,754 $ 5,986
Accounts receivable 7,707 9,477 Notes payable 2,045 3,055
Inventory 12,150 22,956 Other 152 179
Total $ 25,155 $ 38,260 Total $ 5,951 $ 9,220
Long-term debt $ 22,700 $ 19,000
Owners equity
Common stock
and paid-in surplus $ 43,000 $ 43,000
Fixed assets Accumulated retained earnings 28,805 47,189
Net plant and equipment $ 75,301 $ 80,149 Total $ 71,805 $ 90,189
Total assets $ 100,456 $ 118,409 Total liabilities and owners equity $ 100,456 $ 118,409

MATHISON, INC. 2021 Income Statement
Sales $ 249,854
Cost of goods sold 204,317
Depreciation 8,730
EBIT $ 36,807
Interest paid 2,811
Taxable income $ 33,996
Taxes 7,139
Net income $ 26,857
Dividends $ 8,473
Retained earnings 18,384

Construct the DuPont identity for Mathison, Inc. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter your profit margin and return on equity answers as a percent.)

 Some recent financial statements for Mathison, Inc., follow. MATHISON, INC. Balance

Construct the DuPont identity for Mathison, Inc. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter your profit margin and return on equity answers as a percent.) X Answer is complete but not entirely correct. Profit margin Total asset turnover Equity multiplier Return on equity % times times 10.75 1.14 1.00 33.16 X %

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