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Ritz Inc. has sales of $27,520, costs of Goods Sold of $13,280, depreciation expense of $2,300, and interest expense of $1,105. The tax rate is
Ritz Inc. has sales of $27,520, costs of Goods Sold of $13,280, depreciation expense of $2,300, and interest expense of $1,105. The tax rate is 35 percent, Total Asset of $110,000, Total Equity $137,500. Using the above information calculate the ROE [using basic formula] for the Ritz Inc and then break down your answer into its component parts using the Du Pont identity. Round up your answer to the nearest whole number. [ Check if both the results are the same] Show the formula used in both the case for calculating ROE
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