Homework Help is Here – Start Your Trial Now!
Business
Finance
Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2022 Accounts receivable $ 2,941 4,722 12,658 $ 2,857 $ 20,321 5,691 13,692 $ 22,240 Other Inventory Total Total Long-term debt Owners' equity 2021 2022 $ 2,198 1,795 99 $ 4,092 $ 14,200 Fixed assets Net plant and equipment $ 56,170 Total assets $ 76,491 $ 82,001 $ 104,241 Common stock and paid-in surplus Accumulated retained earnings Total $ 42,500 Total liabilities and owners' equity 15,699 $ 58,199 $ 76,491 $ 2,690 2,206 116 $ 5,012 $ 16,960 $ 42,500 39,769 $ 82,269 $ 104,241 Sales SMOLIRA GOLF, INCORPORATED 2022 Income Statement $ 189,170 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings 127,103 5,243 $ 56,824 1,340 $ 55,484 19,419 $ 36,065 $ 11,995 24,070 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 19.06 % Total asset turnover 1.81 times Equity multiplier Return on equity 0.00 times 0.00 %

Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2022 Accounts receivable $ 2,941 4,722 12,658 $ 2,857 $ 20,321 5,691 13,692 $ 22,240 Other Inventory Total Total Long-term debt Owners' equity 2021 2022 $ 2,198 1,795 99 $ 4,092 $ 14,200 Fixed assets Net plant and equipment $ 56,170 Total assets $ 76,491 $ 82,001 $ 104,241 Common stock and paid-in surplus Accumulated retained earnings Total $ 42,500 Total liabilities and owners' equity 15,699 $ 58,199 $ 76,491 $ 2,690 2,206 116 $ 5,012 $ 16,960 $ 42,500 39,769 $ 82,269 $ 104,241 Sales SMOLIRA GOLF, INCORPORATED 2022 Income Statement $ 189,170 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings 127,103 5,243 $ 56,824 1,340 $ 55,484 19,419 $ 36,065 $ 11,995 24,070 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 19.06 % Total asset turnover 1.81 times Equity multiplier Return on equity 0.00 times 0.00 %

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
See similar textbooks
icon
Related questions
Question
None
Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2022 Accounts receivable $ 2,941 4,722 12,658 $ 2,857 $ 20,321 5,691 13,692 $ 22,240 Other Inventory Total Total Long-term debt Owners' equity 2021 2022 $ 2,198 1,795 99 $ 4,092 $ 14,200 Fixed assets Net plant and equipment $ 56,170 Total assets $ 76,491 $ 82,001 $ 104,241 Common stock and paid-in surplus Accumulated retained earnings Total $ 42,500 Total liabilities and owners' equity 15,699 $ 58,199 $ 76,491 $ 2,690 2,206 116 $ 5,012 $ 16,960 $ 42,500 39,769 $ 82,269 $ 104,241 Sales SMOLIRA GOLF, INCORPORATED 2022 Income Statement $ 189,170 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings 127,103 5,243 $ 56,824 1,340 $ 55,484 19,419 $ 36,065 $ 11,995 24,070 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 19.06 % Total asset turnover 1.81 times Equity multiplier Return on equity 0.00 times 0.00 %
Transcribed Image Text:Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2022 Accounts receivable $ 2,941 4,722 12,658 $ 2,857 $ 20,321 5,691 13,692 $ 22,240 Other Inventory Total Total Long-term debt Owners' equity 2021 2022 $ 2,198 1,795 99 $ 4,092 $ 14,200 Fixed assets Net plant and equipment $ 56,170 Total assets $ 76,491 $ 82,001 $ 104,241 Common stock and paid-in surplus Accumulated retained earnings Total $ 42,500 Total liabilities and owners' equity 15,699 $ 58,199 $ 76,491 $ 2,690 2,206 116 $ 5,012 $ 16,960 $ 42,500 39,769 $ 82,269 $ 104,241 Sales SMOLIRA GOLF, INCORPORATED 2022 Income Statement $ 189,170 Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings 127,103 5,243 $ 56,824 1,340 $ 55,484 19,419 $ 36,065 $ 11,995 24,070 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 19.06 % Total asset turnover 1.81 times Equity multiplier Return on equity 0.00 times 0.00 %
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS