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Some recent financial statements for Smolira Golf, Inc.,follow.SMOLIRA GOLF, INC.Balance Sheets as of December 31, 2015 and 20162015201620152016AssetsLiabilities and Owners’ EquityCurrent assetsCurrent liabilitiesCash$3,211$3,307Accounts payable$2,153$2,600Accounts receivable4,7675,781Notes payable1,7502,116Inventory12,47813,782Other90107Total$20,456$22,870Total$3,993$4,823Long-term debt$13,400$16,160Owners’ equityCommon stock and paid-in surplus$38,000$38,000Fixed assetsAccumulated retained earnings15,65439,112Net plant and equipment$50,591$75,225Total$53,654$77,112Total assets$71,047$98,095Total liabilities and owners’ equity$71,047$98,095 SMOLIRA GOLF, INC.2016 Income StatementSales$187,370Cost of goods sold126,203Depreciation5,333EBIT$55,834Interest paid1,430Taxable income$54,404Taxes19,041Net income$35,363Dividends$11,905Retained earnings23,458Construct the DuPont identity for Smolira Golf. (Do notround intermediate calculations and round your answers to 2 decimalplaces, e.g., 32.16. Enter the profit margin and return on equityas a percent.)Profit margin%Total asset turnovertimesEquity multipliertimesReturn on equity%