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Ivanhoe, Inc., has net income of $14,964,000 on net sales of $348,000,000. The company has total assets of $120,000,000 and stockholders' equity of $60,000,000. Use
Ivanhoe, Inc., has net income of $14,964,000 on net sales of $348,000,000. The company has total assets of $120,000,000 and stockholders' equity of $60,000,000. Use the extended DuPont identity to find the return on assets and return on equity for the firm. (Round answers to 2 decimal places, e.g. 12.25 or 12.25%.) Profit margin Total assets turnover Return on assets % times % %
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