Question
Calculate the Dupont Model, given the following information: cash = $16,080, accounts receivable = $9500, prepaid = $3150, Supplies = $675, equipment = $25,200; accumulated
Calculate the Dupont Model, given the following information: cash = $16,080, accounts receivable = $9500, prepaid = $3150, Supplies = $675, equipment = $25,200; accumulated depreciation - equipment = $8150 for one year. Cash = $20,000, accounts receivable = $15,000, prepaid = $1175, supplies = $2675, equipment = $89,057, accumulated depreciation - equipment = $36,800 for year 2. Additional year 2 data is as follows: equity equals $82,600, net sales = $325,000, net income of $56,824. Assume sales revenue and net sales are the same, leave as a decimal to two places.
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