Balance Sheet Data Cash $900,000 Accounts receivable 1,800,000 Inventory 2,700,000 Current assets 5,400,000 Net fixed assets 7,200,000 Total assets $12,600,000 Accounts payable $1,080,000 Accruals 360,000 Notes payable 1,440,000 Current liabilities 2,880,000 Long-term debt 5,310,000 Total liabilities 8,190,000 Common stock 1,102,500 Retained earnings 3,307,500 Total equity 4,410,000 Total debt and equity $12,600,000 Income Statement Data Sales Cost of goods sold Gross profit Operating expenses EBIT Interest expense EBT Taxes Net income $18,000,000 10,800,000 7,200,000 4,500,000 2,700,000 810,000 1,890,000 472,500 $1,417,500 Pavo Media Systems Inc. DuPont Analysis Ratios Calculation Profitability ratios Numerator Gross profit margin (%) Operating profit margin (%) Net profit margin (%) Return on equity (%) Asset management ratio Total assets turnover. Financial ratios Equity multiplier 1 Denominator Value