Balance Sheet DataIncome Statement DataCash$$1,400,000$Accounts payable$$1,680,000$Sales$$28,000,000$Accounts receivable$2,800,000$Accruals$560,000$Cost of goods sold$14,000,000$Inventory$4,200,000$Notes payable$2,240,000$Gross profit$14,000,000$Current assets$8,400,000$Current liabilities$4,480,000$Operating expenses$7,000,000$Long$-$term debt$5,320,000$EBIT$7,000,000$Total liabilities$9,800,000$Interest expense$907,200$Common stock$1,050,000$EBT$6,092,800$Net fixed assets$5,600,000$Retained earnings$3,150,000$Taxes$1,523,200$Total assetsTotal equity$4,200,000$Net income$$4,569,600$$$14,000,000$Total debt and equity$$14,000,000$If I remember correctly, the DuPont equation breaks down our ROE into three component ratios: the turnover ratio, and the equity multiplier ynet profit margin, the total assetAnd, according to my understanding of the DuPont equation and its calculation of ROE, the three ratios provide insights into the company's use of debt versus equity financing, effectiveness in using the company's assets,andcontrol over its expensesNow, let's see your notes with your ratios, and then we can talk about possible strategies that will improve the ratios. I$\text{'}$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.Pavo Media Systems Inc. DuPont Analysis