Balance Sheet Data Income Statement Data Cash $1,200,000 Accounts payable $1,440,000 Sales $24,000,000 Accounts receivable 2,400,000 Accruals 480,000 Cost of goods sold 14,400,000 Inventory 3,600,000 Notes payable 1,920,000 Gross profit 9,600,000 Current assets 7,200,000 Current liabilities 3,840,000 Operating expenses 6,000,000 Long-term debt EBIT 3,600,000 Total liabilities Interest expense 892,800 Common stock 5,520,000 9,360,000 1,260,000 3,780,000 5,040,000 $14,400,000 Net fixed assets 7,200,000 Retained earnings EBT Taxes Net income 2,707,200 676,800 $2,030,400 Total equity Total assets $14,400,000 Total debt and equity the total asset f If I remember correctly, the DuPont equation breaks down our ROE into three component ratios: the turnover ratio, and the 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 " 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 Ratios Value Correct/Incorrect Ratios Value Correct/Incorrect Profitability ratios Asset management ratio Total assets turnover Gross profit margin (%) 40.00 1.67 Operating profit margin (%) 11.28 Net profit margin (%) 14.10 Financial ratios Return on equity (%) 36.26 Equity multiplier 1.54