Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The 2018 balance sheet of E.I de Pont de Nemours and Company shows average DuPont shareholders' equity of $13,219 million, net operating profit after tax
The 2018 balance sheet of E.I de Pont de Nemours and Company shows average DuPont shareholders' equity of $13,219 million, net operating profit after tax of $3,145 million, net income after tax of $4,848 million, and common shares issued of 1,014 million. Assume the company has no preferred shares issued. DuPont's return on equity (ROE) for the year is approximately:
A. 36.7%
B. 33.4%
C. 20.9%
D. 23.8%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started