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Calculate ROE through Dupont identity and describe the sources of return for the company. Douglass Enterprises Income Statement for the Present Year Sales Costs Taxable
Calculate ROE through Dupont identity and describe the sources of return for the company.
Douglass Enterprises Income Statement for the Present Year Sales Costs Taxable Income Taxes Net Income Dividends Addition to ret. earnings $4,840 $4,120 $ 720 $ 245 $ 475 $ 190 $ 285 Douglass Enterprises Balance Sheet for the Present Year Cash Accounts rec Inventory Current assets Fixed assets $1,010 Accounts payable $ 302 Notes payable $ 361 Current liabilities $1,673 Long-term debt $5,200 Common stock Retained earnings $6,873 Total liabilities & equity $ 536 $1,500 $2,036 $1,200 $3,000 $ 637 $6,873 Total assets Step by Step Solution
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