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 Equity multiplier Return on equity 2022 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 3,181 4,762 12,498 $ 20,441 $ 187,570 126,303 5,323 $ 55,944 1,420 $ 54,524 19,083 $ 35,441 $ 11,915 23,526 % $ 51,022 $ 75,789 $ 71,463 $ 98,589 $ 3,257 5,771 13,772 $ 22,800 times times % Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2021 $ 2,158 1,755 91 $4,004 $ 13,300 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. $ 38,500 15,659 $54,159 $71,463 2022 $ 2,610 2,126 108 $4,844 $ 16,060 $ 38,500 39,185 $77,685 $ 98,589

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 Equity multiplier Return on equity 2022 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 3,181 4,762 12,498 $ 20,441 $ 187,570 126,303 5,323 $ 55,944 1,420 $ 54,524 19,083 $ 35,441 $ 11,915 23,526 % $ 51,022 $ 75,789 $ 71,463 $ 98,589 $ 3,257 5,771 13,772 $ 22,800 times times % Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2021 $ 2,158 1,755 91 $4,004 $ 13,300 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. $ 38,500 15,659 $54,159 $71,463 2022 $ 2,610 2,126 108 $4,844 $ 16,060 $ 38,500 39,185 $77,685 $ 98,589

Name: AssetsCurrent assetsCashAccounts receivableInventoryTotalFixed assets
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Description: AssetsCurrent assetsCashAccounts receivableInventoryTotalFixed assetsNet plant and equipmentTotal assetsSMOLIRA GOLF, INCORPORATED2022 Income StatementSalesCost of goods soldDepreciationEBITInterest paidTaxable incomeTaxesNet incomeDividendsRetained

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 90PSA

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