ACC 1100 - Accounting: What the Number Mean Chapter 3 - Financial Ratios Worksheet The Dupont Model: An expansion of the Return on Investment calculation. Return on Assets Profit Margin x Asset Turnover Return on Assets Net Income Net Ravennes xNet Revenues Total Assets Net Income Total Assets Think Different Income statement: Fiscal year ands in September Revenue Cost of revenue Gross profit Operating expenses Research and developme... Sales, General and adm... Total operating expens... Operating income Interest Expense Other income (expense) Income before taxes Provision for income... Net income from contin... E EE EEE EEEE EEE 2009-09 2010-09 2011-09 42,905 65,225 106,249 25,603 39,541 64,431 17,222 25,604 43,818 1,333 1,782 2,429 4,149 5,517 7,599 5,482 7,299 10,028 11,740 18,385 33,790 - 326 155 415 12,066 18,540 34,205 3,831 4,527 0,283 8,235 14,013 25,922 8,235 14,013 25,922 Net income REQUIRED: Assuming that Apple's Total Assets were $350,000 for each of the years 2009. 2010, and 2011, use the Dupont formulas above calculate their 2011 Profit Margin, Asset Turnover, and Return on Assets: Show your work in the space provided. 1: Profit Margin (Hint: Sales & Revenue are synonymous terms): 2: Asset Turnover 3: Return on Assets