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P-13: Du Pont system of analysis (LO3) Front Beam Lighting Company has the following ratioscompared to its ind ustry for last year (below). Explain why

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P-13: Du Pont system of analysis (LO3) Front Beam Lighting Company has the following ratioscompared to its ind ustry for last year (below). Explain why the return-on-equity ratio as compared to Return on Assets is so much less favorable than that of the industry. Hint: Startingwith the formula: Return on Equity = Return on Assets/(1-Debt/Assets), derive a new formula that algebraically isolates Debt/Total Assets and then compare Front Beam's to the industry

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