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I need help solving the following problem: A sheaf of papers in his hand, your friend and colleague, Landon, steps into your office and asked

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A sheaf of papers in his hand, your friend and colleague, Landon, steps into your office and asked the following. Landon Do you have 10 or 15 minutes that you can spare? You Sure, I've got a meeting in an hour, but I dont want to start something new and then be interrupted by the meeting, so how can I help? Landon I've been reviewing the company's financial statements and looking for ways to improve our performance, in general, and the company's return on equity, or ROE, in particular. Amelia, my new team leader, suggested that I start by usinga DuPont analysis, and I'd like to run my numbers and conclusions by you to see whether I've missed anything. Here are the balance sheet and income statement data that Amelia gave me, and here are my notes with my calculations. Could you start by making sure that my numbers are correct? You Give me a minute to look at these financial statements and to remember what I know about the DuPont analysis. Balance Sheet Data Income Statement Data Cash $1,300,000 Accounts payable $1,560,000 Sales 2,600,000 Accruals 3,900,000 Notes payable 7,800,000 $26,000,000 13,000,000 13,000,000 520,000 Cost of goods sold 2,080,000 Gross profit ,160,000 Operating expenses 4,290,000 EBIT 8,450,000 Interest expense 137,500EBT 3,412,500 Taxes 4,550,000 Net income Inventory Current liabilities Long-term debt 6,500,000 764,400 5,735,600 2,007,460 $3,728,140 Total liabilities Net f 5,200,000 Retained earnings $13,000,00o Total debt and equity $13,000,000 y, the DuPont equation breaks down our ROE into three component ratios: the Total equity er

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