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Littleton Company included the following items in its financial statements for 2021, the current year (amounts in millions): (Click the icon to view the financial
Littleton 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 Littleton'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.) Net profit margin ratio Asset turnover % x ROA % Payment of long-term debt Proceeds from issuance 17,050 Dividends paid 60 240 Net sales: of common stock 8,475 Current year 30,000 Total liabilities: Preceding year 78,000 Current year-end 32,313 Net income: Preceding year-end 38,031 Current year 5,552 Total stockholders' equity: Preceding year 1,997 Current year-end 23,475 Operating income: Preceding year-end 14,041 Current year 9,980 Long-term liabilities 6,665 Preceding year 3,996
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