Computing Return on Equity

The following information is provided for a company for the year ended December 31, 2020.

Profit margin (Net income/Sales)	11.41%
Asset turnover (Sales/Average total assets)	1.06
Financial leverage (Average total assets/Average stockholders equity)	1.92

Using DuPont analysis, calculate the return on equity, rounding the answer to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425.

Return on equity