Balance Sheet Data Cash Accounts receivable Inventory Current assets $800,000 1,600,000 2,400,000 4,800,000 Accounts payable Accruals Notes payable Current liabilities Long-term debt Total liabilities Common stock Retained earnings $960,000 320,000 1,280,000 2,560,000 2,240,000 4,800,000 800,000 2,400,000 3,200,000 $8,000,000 Income Statement Data Sales $16,000,000 Cost of goods sold 8,000,000 Gross profit 8,000,000 Operating expenses 4,000,000 EBIT 4,000,000 Interest expense 422,400 EBT 3,577,600 Taxes 894,400 Net income $2,683,200 Net fixed assets 3,200,000 Total eagley Total assets $8,000,000 Total debt and equity net profit margin the total asset If I remember correctly, the DuPont equation breaks down our ROE into three component ratios: the turnover ratio, and the equity multiplier And, according to my understanding of the DuPont equation and its calculation of ROE, the three ratios provide insights into the company's use of debt versus equity financing effectiveness in using the company's assets, and control over its expenses Now, let's see your notes with your ratios, and then we can talk about possible strategies that will improve the ratios. I'm going to check the box to the side of your calculated value if your calculation is correct and leave it unchecked if your calculation is incorrect. Cepeus Manufacturing Inc. DuPont Analysis Cepeus Manufacturing Inc. DuPont Analysis Value Correct/Incorrect Correct/Incorrect Ratios Asset management ratio Total assets turnover 2.00 Ratios Value Profitability ratios Gross profit margin (%) 50.00 Operating profit margin (%) 22.36 Net profit margin (%) 33.54 Return on equity (%) 112.02 Financial ratios Equity multiplier 1.67 Do not round Intermediate calculations and round your final answers up to two decimals. Cepeus Manufacturing Inc. DuPont Analysis Ratios Calculation Value Numerator Denominator Profitability ratios Gross profit margin (%) Operating profit margin (%) Net profit margin (%) Return on equity (%) Asset management ratio Total assets turnover Il Financial ratios Equity multiplier