A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's financial position using the DuPont equation. The firm has no lease payments but has a $1 million sinking fund payment on its debt. The most recent industry average ratios and the firm's financial statements are as follows:

A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's financial p but has a $1 million sinking fund payment on its debt. The most recent industry average ratios and the fi "Calculation is based on a 365-day year. Balance Sheet as of December 31,2021 (millions of dollars) Income Statement for Year Ended December 31, 2021 (millions of dollars) Net sales $865,00 Cost of goods sold 730.00 Income Statement for Year Ended Deramher 21 onz1 fwini a. Calculate the following ratios. Do not round intermediate calculations. Round your answers to two decima b. Construct a Dupont equation, and the industry. Do not round intermediate calculations. Round your answers c. Do the balance sheet accounts or the income statement figures seem to be primaniy responsible for the low pi 1. Analysis of the extended Du Pont equation and the set of ratios shows that the turnover ratio of sales to as