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SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets 2021 2022 Current assets Cash Accounts receivable Inventory $ 3,181 4,762 12,498 $ 3,257 5,771 13,772 Total $20,441 $ 22,800 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 2021 $ 2,158 1,755 91 $ 4,004 $ 13,300 $ 38,500 15,659 $54,159 2022 $ 2,610 2,126 108 $ 4,844 $ 16,060 $ 38,500 39,185 $ 77,685 $51,022 $ 75,789 $ 71,463 $ 98,589 Total liabilities and owners' equity $ 71,463 $ 98,589 126,303 5,323 $ 55,944 1,420 2022 Income Statement Sales $ 187,570 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $ 54,524 19,083 $ 35,441 $ 11,915 23,526 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 %

SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets 2021 2022 Current assets Cash Accounts receivable Inventory $ 3,181 4,762 12,498 $ 3,257 5,771 13,772 Total $20,441 $ 22,800 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 2021 $ 2,158 1,755 91 $ 4,004 $ 13,300 $ 38,500 15,659 $54,159 2022 $ 2,610 2,126 108 $ 4,844 $ 16,060 $ 38,500 39,185 $ 77,685 $51,022 $ 75,789 $ 71,463 $ 98,589 Total liabilities and owners' equity $ 71,463 $ 98,589 126,303 5,323 $ 55,944 1,420 2022 Income Statement Sales $ 187,570 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $ 54,524 19,083 $ 35,441 $ 11,915 23,526 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
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
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SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets 2021 2022 Current assets Cash Accounts receivable Inventory $ 3,181 4,762 12,498 $ 3,257 5,771 13,772 Total $20,441 $ 22,800 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 2021 $ 2,158 1,755 91 $ 4,004 $ 13,300 $ 38,500 15,659 $54,159 2022 $ 2,610 2,126 108 $ 4,844 $ 16,060 $ 38,500 39,185 $ 77,685 $51,022 $ 75,789 $ 71,463 $ 98,589 Total liabilities and owners' equity $ 71,463 $ 98,589 126,303 5,323 $ 55,944 1,420 2022 Income Statement Sales $ 187,570 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $ 54,524 19,083 $ 35,441 $ 11,915 23,526 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 %
Transcribed Image Text:SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 Assets 2021 2022 Current assets Cash Accounts receivable Inventory $ 3,181 4,762 12,498 $ 3,257 5,771 13,772 Total $20,441 $ 22,800 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 2021 $ 2,158 1,755 91 $ 4,004 $ 13,300 $ 38,500 15,659 $54,159 2022 $ 2,610 2,126 108 $ 4,844 $ 16,060 $ 38,500 39,185 $ 77,685 $51,022 $ 75,789 $ 71,463 $ 98,589 Total liabilities and owners' equity $ 71,463 $ 98,589 126,303 5,323 $ 55,944 1,420 2022 Income Statement Sales $ 187,570 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $ 54,524 19,083 $ 35,441 $ 11,915 23,526 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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