Income Statement Data $1,560,000 $26,000,000 Balance Sheet Data Cash Accounts receivable Inventory Current assets 15,600,000 $1,300,000 2,600,000 3,900,000 7,800,000 10,400,000 Accounts payable Accruals Notes payable Current liabilities Long-term debt Total liabilities Common stock Retained earnings Total equity Total debt and equity 6,500,000 3,900,000 Sales Cost of goods sold Gross profit Operating expenses EBIT Interest expense 520,000 2,080,000 4,160,000 4,420,000 8,580,000 1,755,000 5,265,000 7,020,000 $15,600,000 780,000 EBT 3,120,000 Net fixed assets 7,800,000 Taxes 780,000 Net income $2,340,000 Total assets $15,600,000 the total asset If I remember correctly, the DuPont equation breaks down our ROE into three component ratios: the turnover ratio, and the And, according to my understanding of the DuPont equation and its calculation of ROE, the three ratios provide insights into the company's effectiveness in using the company's assets, and Now, let's see your notes with your ratios, and then we can talk about possible strategies that will improve the ratios. I'm going to check the box to the side of your calculated value if your calculation is correct and leave it unchecked if your calculation is incorrect. Canis Major Veterinary Supplies Inc. DuPont Analysis Value Correct/Incorrect 1.67 Ratios Profitability ratios Gross profit margin (%) Operating profit margin (%) Net profit margin (%) Return on equity (%) Value Correct/Incorrect Ratios Asset management ratio 40.00 Total assets turnover 12.00 15.00 Financial ratios 45.59 Equity multiplier 1.82 Do not round intermediate calculations and round your final answers up to two decimals. Canis Major Veterinary Supplies Inc. DuPont Analysis Value Calculation Numerator Denominator / / Ratios Profitability ratios Gross profit margin (%) Operating profit margin (%) Net profit margin (%) Return on equity (%) Asset management ratio Total assets turnover Financial ratios Equity multiplier 11