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 Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes 2021 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Net income Dividends Retained earnings $ 6,358 9,248 14,580 $ 30,186 $ 90,361 $ 120,547 Balance Sheets as 2022 $ 16,000 26,459 SMOLIRA GOLF, INCORPORATED of December 31, 2021 and 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 7,866 11,445 29,641 $ 48,952 $ 107,206 $ 156,158 287,318 220, 396 10,913 $ 56,009 2,264 $ 53,745 11, 286 $ 42,459 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2021 $ 4,880 3,959 198 $ 9,037 $ 32,100 $ 40,000 39,410 $ 79,410 $ 120,547 2022 $ 5,381 4,479 429 $ 10,289 $ 40,000 $ 40,000 65,869 $ 105,869 $ 156, 158 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 your profit margin and return on equity answers as a percent. Profit margin Total asset turnover Equity multiplier Return on equity % times times %
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 Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes 2021 SMOLIRA GOLF, INCORPORATED 2022 Income Statement Net income Dividends Retained earnings $ 6,358 9,248 14,580 $ 30,186 $ 90,361 $ 120,547 Balance Sheets as 2022 $ 16,000 26,459 SMOLIRA GOLF, INCORPORATED of December 31, 2021 and 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 7,866 11,445 29,641 $ 48,952 $ 107,206 $ 156,158 287,318 220, 396 10,913 $ 56,009 2,264 $ 53,745 11, 286 $ 42,459 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2021 $ 4,880 3,959 198 $ 9,037 $ 32,100 $ 40,000 39,410 $ 79,410 $ 120,547 2022 $ 5,381 4,479 429 $ 10,289 $ 40,000 $ 40,000 65,869 $ 105,869 $ 156, 158 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 your profit margin and return on equity answers as a percent. Profit margin Total asset turnover Equity multiplier Return on equity % times times %
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: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
Sales
Cost of goods sold
Depreciation
EBIT
Interest paid
Taxable income
Taxes
2021
SMOLIRA GOLF, INCORPORATED
2022 Income Statement
Net income
Dividends
Retained earnings
$ 6,358
9,248
14,580
$ 30,186
$ 90,361
$ 120,547
Balance Sheets as
2022
$ 16,000
26,459
SMOLIRA GOLF, INCORPORATED
of December 31, 2021 and 2022
Liabilities and Owners' Equity
Current liabilities
Accounts payable
Notes payable
Other
$ 7,866
11,445
29,641
$ 48,952
$ 107,206
$ 156,158
287,318
220, 396
10,913
$ 56,009
2,264
$ 53,745
11, 286
$ 42,459
Total
Long-term debt
Owners' equity
Common stock and paid-in surplus
Accumulated retained earnings
Total
Total liabilities and owners' equity
2021
$ 4,880
3,959
198
$ 9,037
$ 32,100
$ 40,000
39,410
$ 79,410
$ 120,547
2022
$ 5,381
4,479
429
$ 10,289
$ 40,000
$ 40,000
65,869
$ 105,869
$ 156, 158
Transcribed Image Text: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 your profit margin
and return on equity answers as a percent.
Profit margin
Total asset turnover
Equity multiplier
Return on equity
%
times
times
%
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