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

SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019
	2018		2019				2018		2019
Assets						Liabilities and Owners’ Equity
Current assets						Current liabilities
Cash	$	3,251	$	3,407		Accounts payable	$	2,143	$	2,580
Accounts receivable		4,777		5,801		Notes payable		1,740		2,096
Inventory		12,438		13,802		Other		88		105
Total	$	20,466	$	23,010		Total	$	3,971	$	4,781
						Long-term debt	$	13,600	$	16,360
						Owners’ equity
						Common stock
						and paid-in surplus	$	37,000	$	37,000
Fixed assets						Accumulated retained earnings		15,644		38,966
Net plant and equipment	$	49,749	$	74,097		Total	$	52,644	$	75,966
Total assets	$	70,215	$	97,107		Total liabilities and owners’ equity	$	70,215	$	97,107

SMOLIRA GOLF, INC. 2019 Income Statement
Sales			$	186,970
Cost of goods sold				126,003
Depreciation				5,353
EBIT			$	55,614
Interest paid				1,450
Taxable income			$	54,164
Taxes				18,957
Net income			$	35,207
Dividends	$	11,885
Retained earnings		23,322

Construct the DuPont identity for Smolira Golf.

Find

profit margin

total asset turnover 

equity multiplier 

return on equity 

Answer rating: 100% (QA)

Profit Margin PM Net Income Sales Total Asset Turnover TAT Sales Average Total Assets Equity Multipl... View the full answer