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Easton Company included the following items in its financial statements for 2021, the current year (amounts in millions): (Click the icon to view the financial
Easton Company included the following items in its financial statements for 2021, the current year (amounts in millions): (Click the icon to view the financial statement items.) Read the requirements. Requirement 1. Use DuPont Analysis to calculate Easton's return on assets and return on common equity during 2021 (the current year). The company has no preferred stock outstanding. Start by calculating the rate of return on total assets (ROA). Select the DuPont model formula needed and then enter the amounts to calculate ROA for 2021. (Dividends paid are not preferred. Round percentages to one decimal place, X.X% and other component ratios to three decimal places, X.XXX.) Requirements 1. Use DuPont Analysis to calculate Easton's return on assets and return on common equity during 2021 (the current year). The company has no preferred stock outstanding. 2. Do the company's rates of return look strong or weak? Give your reason. 3. What additional information do you need to make the decision in requirement 2 ? Easton Company included the following items in its financial statements for 2021, the current year (amounts in millions): (Click the icon to view the financial statement items.) Read the requirements. Requirement 1. Use DuPont Analysis to calculate Easton's return on assets and return on common equity during 2021 (the current year). The company has no preferred stock outstanding. Start by calculating the rate of return on total assets (ROA). Select the DuPont model formula needed and then enter the amounts to calculate ROA for 2021. (Dividends paid are not preferred. Round percentages to one decimal place, X.X% and other component ratios to three decimal places, X.XXX.) Requirements 1. Use DuPont Analysis to calculate Easton's return on assets and return on common equity during 2021 (the current year). The company has no preferred stock outstanding. 2. Do the company's rates of return look strong or weak? Give your reason. 3. What additional information do you need to make the decision in requirement 2
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