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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

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 5MAD: Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent...
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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
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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