Balance Sheet Data Income Statement Data Cash $600,000 Accounts payable $720,000 Sales $12,000,000 Accounts receivable 1,200,000 Accruals 240,000 Cost of goods sold 7,200,000 Inventory 1,800,000 Notes payable 960,000 Gross profit 4,800,000 Current assets 3,600,000 Current liabilities 1,920,000 Operating expenses 3,000,000 Long-term debt 2,400,000 EBIT 1,800,000 Total liabilities 4,320,000 Interest expense 403,200 Common stock 720,000 EBT 1,396,800 Net fixed assets 3,600,000 Retained earnings 2,160,000 Taxes 349,200 Total equity Total assets $7,200,000 Total debt and equity 2,880,000 $7,200,000 Net income $1,047,600 If I remember correctly, the DuPont equation breaks down our ROE into three component ratios: the tumover 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