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3. (LO 4.2) Which of the following components of the DuPont system for Hill Inc. is correct if sales are $6,500; earnings before tax (EBT)
3. (LO 4.2) Which of the following components of the DuPont system for Hill Inc. is correct if sales are $6,500; earnings before tax (EBT) are $3,090; the tax rate is 40 per- cent; total liabilities are $30,900; and equity is $18,500? a. net profit margin = 47.54 percent b. asset turnover = 11.81 percent c. leverage = 2.67 d. leverage = 0.53 leverage = 0.53
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