Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings Profit margin Total asset turnover $ 189,170 127,103 5,243 $ 56,824 1,340 $ 55,484 19,419 $ 36,065 Equity multiplier Return on equity $ 11,995 24,070 19.06 % SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable 1.81 times 0.00 times 0.00% 2021 $ 2,941 4,722 12,658 $20,321 $ 56,170 $ 76,491 $ 2,857 5,691 13,692 $ 22,240 $ 82,001 $ 104,241 Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2021 $ 2,198 1,795 99 $4,092 $ 14, 200 $ 42,500 15,699 $ 58,199 $76,491 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. 2022 $ 2,690 2,206 116 $ 5,012 $ 16,960 $ 42,500 39,769 $82,269 $ 104,241
Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings Profit margin Total asset turnover $ 189,170 127,103 5,243 $ 56,824 1,340 $ 55,484 19,419 $ 36,065 Equity multiplier Return on equity $ 11,995 24,070 19.06 % SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable 1.81 times 0.00 times 0.00% 2021 $ 2,941 4,722 12,658 $20,321 $ 56,170 $ 76,491 $ 2,857 5,691 13,692 $ 22,240 $ 82,001 $ 104,241 Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2021 $ 2,198 1,795 99 $4,092 $ 14, 200 $ 42,500 15,699 $ 58,199 $76,491 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. 2022 $ 2,690 2,206 116 $ 5,012 $ 16,960 $ 42,500 39,769 $82,269 $ 104,241
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
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Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Transcribed Image Text:Some recent financial statements for Smolira Golf, Incorporated, follow.
Assets
Current assets
Cash
Accounts receivable.
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
SMOLIRA GOLF, INCORPORATED
2022 Income Statement
Sales
Cost of goods sold
Depreciation
EBIT
Interest paid
Taxable income
Taxes
Net income
Dividends
Retained earnings
$ 189,170
127,103
Profit margin
Total asset turnover
Equity multiplier
Return on equity
5,243
$ 56,824
1,340
$ 55,484
19,419
$ 36,065
$ 11,995
24,070
19.06 %
SMOLIRA GOLF, INCORPORATED
Balance Sheets as of December 31, 2021 and 2022
2022
Liabilities and Owners' Equity
Current liabilities.
Accounts payable
Notes payable
Other
1.81 times
0.00 times
0.00%
2021
$ 2,941
4,722
12,658
$20,321
$ 2,857
5,691
13,692
$ 22,240
$ 56,170
$ 82,001
$ 76,491 $ 104,241
Total
Long-term debt
Owners' equity
Common stock and paid-in surplus
Accumulated retained earnings
Total
Total liabilities and owners' equity.
2021
$ 2,198
1,795
99
$4,092
$14,200
$ 42,500
15,699
$58,199
$76,491
2022
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.
$ 2,690
2,206
116
$5,012
$ 16,960
$ 42,500
39,769
$82,269
$ 104,241
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