Balance Sheet Data Cash Accounts payable Accounts receivable Accruals $1,000,000 2,000,000 3,000,000 6,000,000 Notes payable Inventory Current assets Current liabilities $1,200,000 400,000 1,600,000 3,200,000 4,500,000 7,700,000 1,575,000 4,725,000 6,300,000 $14,000,000 Long-term debt Income Statement Data Sales $20,000,000 Cost of goods sold 12,000,000 Gross profit 8,000,000 Operating expenses 5,000,000 EBIT 3,000,000 Interest expense 732,000 EBT 2,268,000 Taxes 793,800 Net Income $1,474,200 Net fixed assets 8,000,000 Total liabilities Common stock Retained earnings Total equity Total debt and equity Total assets $14,000,000 If I remember correctly, the DuPont equation breaks down our ROE into three component ratios: the turnover ratio, and the the total asset And, according to my understanding of the DuPont equation and its calculation of ROE, the three ratios provide insights into the company's effectiveness in using the company's assets, and