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3. Assume Meyer Corporation is 100 percent equity finance, i.e., no debt. Using the DuPont equation, and the information below, calculate the company's ROE. (1)

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3. Assume Meyer Corporation is 100 percent equity finance, i.e., no debt. Using the DuPont equation, and the information below, calculate the company's ROE. (1) EBIT = $7,000. (2) Interest charges = $550 (3) Interest received = $50 (2) Sales = $20,000. (3) Total assets = $10,000 (4) Tax rate=20%. 1

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