Course Solutions Uncategorized (Answered) : Use the DuPont system and the following data to find return on equity. (Do not round intermediate calculations. Round your answer

(Answered) : Use the DuPont system and the following data to find return on equity. (Do not round intermediate calculations. Round your answer

Use the DuPont system and the following data to find return on equity. (Do not round intermediate calculations. Round your answer to 1 decimal place.) Leverage ratio Total asset turnover Net profit margin Dividend payout ratio 2.2 1.9 4.7% 34.0% Return on equity

Expert Answer


Return on equity = net profit margin * asset turnover *leverage ratio

= 4.7*1.9*2.2

=19.646% or 19.6%

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