Construct the DuPont Assignment | Homework For You

Some recent financial statements for Smolira Golf, Inc., follow.Homework For You

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Balance Sheets as of December 31, 2015 and 2016
2015 2016 2015 2016
Assets Liabilities and Owners’ Equity
Current assets Current liabilities
Cash $ 3,061 $ 3,057 Accounts payable $ 2,178 $ 2,650
Accounts receivable 4,742 5,731 Notes payable 1,775 2,166
Inventory 12,578 13,732 Other 95 112
Total $ 20,381 $ 22,520 Total $ 4,048 $ 4,928
Long-term debt $ 12,900 $ 15,660
Owners’ equity
Common stock and paid-in surplus $ 40,500 $ 40,500
Fixed assets Accumulated retained earnings 15,679 39,477
Net plant and equipment $ 52,746 $ 78,045 Total $ 56,179 $ 79,977
Total assets $ 73,127 $ 100,565 Total liabilities and owners’ equity $ 73,127 $ 100,565


2016 Income Statement
Sales $ 188,370
Cost of goods sold 126,703
Depreciation 5,283
EBIT $ 56,384
Interest paid 1,380
Taxable income $ 55,004
Taxes 19,251
Net income $ 35,753
Dividends $ 11,955
Retained earnings 23,798

Construct the DuPont identity for Smolira Golf. (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.)Homework For You

Profit margin %
Total asset turnover times
Equity multiplier times
Return on equity %

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