Calculate the Leverage used in the DuPont Framework for H&M based on its Balance Sheet and Income Statement. Use average balances in your calculation where applicable. (On 11/30/2012, H&M had total assets of $60,173 and total equity of $43,835.)

Calculate the Leverage used in the DuPont Framework for H&M based on its Balance Sheet and Income Statement. Use average balances in your calculation where applicable. (On 11/30/2012, H&M had total assets of $60,173 and total equity of $43,835.) HOME INSERT DATA fx B C D A H&M 1 Balance Sheet as of November 30, 2013 2 3 Cash and cash equivalents Total assets on 11/30/2012 17,224 4 Accounts Receivable, net 3,107 60,173 5 Inventory 16,695 Other current assets 2,162 Total equity on 11/30/2012: 7 43,835 Property, plant and equipment 22,186 2,276 Intangibles, net Other non-current assets 2,026 10 Total assets 65,676 11 12 Accounts payable Accrued expenses Leverage Ratio 4,870 8,370 13 14 Other current liabilities 15 Other non-current liabilities 4,157 3,031 Common stock 207 16 Retained earnings 46,957 17 AOCI & Other equity -1,916 18 65,676 Total liabilities and shareholders' equity 19 20 H&M 21 Statement for Year Ended November 30, Inc 22 23 Revenue 128,562 24 Cost of Sales 52,529 25 Gross Profit 76.033 26 A B Retained earnings AOCI & Other equity 46,957 17 -1,916 18 Total liabilities and shareholders' equity 65,676 19 20 H&M 21 Income Statement for Year Ended November 30, 2013 22 23 Revenue 128,562 24 52,529 Cost of Sales 25 Gross Profit 76,033 26 Marketing and Sales General and Administrative 49,878 27 3,987 28 29 Total Operating Expenses 30 Operating Income Interest Income 53,865 22,168 367 31 Interest Expense -9 32 33 Income Before Taxes 34 Income Tax Expense 22,526 5,374 35 Net Income 17,152 36 37 38 39 40 41 A2