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 $ 2,941 $ 2,857 Accounts payable $ 2,198 $ 2,690
Accounts receivable 4,722 5,691 Notes payable 1,795 2,206
Inventory 12,658 13,692 Other 99 116
Total $ 20,321 $ 22,240 Total $ 4,092 $ 5,012
Long-term debt $ 14,200 $ 16,960
Owners’ equity
Common stock and paid-in surplus $ 42,500 $ 42,500
Fixed assets Accumulated retained earnings 15,699 39,769
Net plant and equipment $ 56,170 $ 82,001 Total $ 58,199 $ 82,269
Total assets $ 76,491 $ 104,241 Total liabilities and owners’ equity $ 76,491 $ 104,241


2016 Income Statement
Sales $ 189,170
Cost of goods sold 127,103
Depreciation 5,243
EBIT $ 56,824
Interest paid 1,340
Taxable income $ 55,484
Taxes 19,419
Net income $ 36,065
Dividends $ 11,995
Retained earnings 24,070

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.)

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

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