Balance Sheet Data Income Statement Data Cash $1,300,000 Accounts payable $1,560,000 Sales $26,000,000 Accounts receivable 2,600,000 Accruals 520,000 Cost of goods sold 13,000,000 Inventory 3,900,000 Notes payable 2,080,000 Gross profit 13,000,000 Current assets 7,800,000 Current liabilities 4,160,000 Operating expenses 6,500,000 Long-term debt 4,420,000 EBIT 6,500,000 Total liabilities 8,580,000 Interest expense 780,000 Common stock 1,755,000 EBT 5,720,000 Net fixed assets 7,800,000 Retained earnings 5,265,000 Taxes 2,002,000 Total equity 7,020,000 Net income $3,718,000 Total assets $15,600,000 Total debt and equity $15,600,000 Pavo Media Systems Inc.DuPont Analysis Ratios Value Correct/Incorrect Ratios Value Correct/Incorrect Profitability ratios Asset management ratio Gross profit margin (%) 50.00 Total assets turnover 1.67 Operating profit margin (%) 22.00 Net profit margin (%) 23.83 Financial ratios Return on equity (%) 72.43 Equity multiplier 1.82