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
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: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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