KD O ezto.mheducation.com Relay for Lite Fall 2017 Pol..oogle Sheets Real Estate

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KD O ezto.mheducation.com Relay for Lite Fall 2017 Pol..oogle Sheets Real Estate Law, 9e My Library Top Hat McGraw-HILL.ection Home FSU Canvas Welcome, Dar.board Learn Twitter Instagram Facebook Netflix - Wat. Movies Online Some Recent Financial Statements For Smolira Golf ... | Chegg.com Chapter 3 Homework Some recent financial statements for Smolira Golf Corp. follow. o da + Assets 2014 2015 Current assets Cash Accounts receivable Inventory Total $ 24,236 14,348 27,892 $ 66,476 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 26,000 Accounts payable $ 25,084 17,100 Notes payable 19,000 29,000 Other 13,471 $ 72,100 Total S 57,555 Long-term debt S 88,000 Owners' equity Common stock and paid-in surplus S 45,000 Accumulated retained earnings 219,616 $364,900 Total $264,616 $437,000 Total liabilities and owners' equity $410,171 $ 29,000 12,700 18,300 $ 60,000 $ 99,000 S 45,000 233,000 s278,000 S437,000 $343,695 Fixed assets Net plant and equipment Total assets $410,171 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (40%) Net income $392,640 257,000 48,800 $ 86,840 16,200 $ 70,640 28,256 $ 42,384 Dividends Retained earnings $29,000 13,384

Explanation / Answer

Profit Margin (Profit/Sales) 10.79% 42384/392640 Total Asset Turnover (Sales/Assets)      0.90 392640/437000 Equity Multiplier (Assets/Equity)      1.57 437000/(45000+233000) Return on equity (ROE) 15.25% 15.25%*0.90*1.57

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