Assets Current assets Cash Accounts receivable Inventory 2021 $ 2,911 4,717 12,678 2022 $ 2,807 Total $ 20,306 5,681 13,682 $ 22,170 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 2,203 1,800 100 2022 $ 2,700 2,216 117 2021 Total $ 4,103 Long-term debt $ 14,300 $ 5,033 $ 17,060 Owners' equity Fixed assets Common stock and paid-in surplus Accumulated retained earnings $ 43,000 15,704 $ 43,000 39,842 Net plant and equipment $ 56,801 Total assets $ 77,107 $ 82,765 $ 104,935 Total $ 58,704 $ 82,842 Total liabilities and owners' equity $ 77,107 $ 104,935 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales $ 189,370 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings 127,203 5,233 $ 56,934 1,330 $ 55,604 19,461 $ 36,143 $ 12,005 24,138 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 %
Assets Current assets Cash Accounts receivable Inventory 2021 $ 2,911 4,717 12,678 2022 $ 2,807 Total $ 20,306 5,681 13,682 $ 22,170 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 2,203 1,800 100 2022 $ 2,700 2,216 117 2021 Total $ 4,103 Long-term debt $ 14,300 $ 5,033 $ 17,060 Owners' equity Fixed assets Common stock and paid-in surplus Accumulated retained earnings $ 43,000 15,704 $ 43,000 39,842 Net plant and equipment $ 56,801 Total assets $ 77,107 $ 82,765 $ 104,935 Total $ 58,704 $ 82,842 Total liabilities and owners' equity $ 77,107 $ 104,935 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales $ 189,370 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings 127,203 5,233 $ 56,934 1,330 $ 55,604 19,461 $ 36,143 $ 12,005 24,138 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 %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Assets
Current assets
Cash
Accounts receivable
Inventory
2021
$ 2,911
4,717
12,678
2022
$ 2,807
Total
$ 20,306
5,681
13,682
$ 22,170
Liabilities and Owners' Equity
Current liabilities
Accounts payable
Notes payable
Other
$ 2,203
1,800
100
2022
$ 2,700
2,216
117
2021
Total
$ 4,103
Long-term debt
$ 14,300
$ 5,033
$ 17,060
Owners' equity
Fixed assets
Common stock and paid-in surplus
Accumulated retained earnings
$ 43,000
15,704
$ 43,000
39,842
Net plant and equipment
$ 56,801
Total assets
$ 77,107
$ 82,765
$ 104,935
Total
$ 58,704 $ 82,842
Total liabilities and owners' equity
$ 77,107 $ 104,935
SMOLIRA GOLF, INCORPORATED
2022 Income Statement
Sales
$ 189,370
Cost of goods sold
Depreciation
EBIT
Interest paid
Taxable income
Taxes
Net income
Dividends
Retained earnings
127,203
5,233
$ 56,934
1,330
$ 55,604
19,461
$ 36,143
$ 12,005
24,138
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
%
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