The following are the financial statements for Ivanhoe Consumer Products Company for the fiscal year ended September 30, 2017 Ivanhoe Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2017 Net sales $57,640 Cost of products sold 24,507 Gross profit $33,133 Marketing, research, administrative expense 12,100 Depreciation 780 Operating income (loss) $20.253 Interest expense 487 Earnings (loss) before income taxes $19.766 Income taxes 6,076 Net earnings (loss) $13,690 $3,710 7,760 Ivanhoe Consumer Products Company Balance Sheet as of September 30, 2017 Assets: Liabilities and Equity: Cash and marketable securities $6,200 Accounts payable Investment securities 427 Accrued and other liabilities Accounts receivable 4,746 Taxes payable Inventory 4,100 Debt due within one year Deferred income taxes 978 Prepaid expenses and other receivables 2.252 2.410 7,210 Debt due within one year Inventory Deferred income taxes Prepaid expenses and other receivables Total current assets Property, plant, and equipment, at cost Less: Accumulated depreciation Net property, plant, and equipment Net goodwill and other intangible assets Other noncurrent assets 4,100 978 2.252 $18,703 31,304 10.897 $20,407 27.900 1,940 Total current liabilities Long-term debt Deferred income taxes Other noncurrent liabilities Total liabilities Convertible Class A preferred stock Common stock Retained earnings Total stockholders' equity Total liabilities and equity $21,090 12.410 1,690 2.100 $37,290 1,140 2.100 28,420 $31,660 $68,950 Total assets $68,950 Using the DuPont identity, calculate the return on equity for Ivanhoe, after calculating the ratios that make up the Dupon (Round ROA and ROE to one decimal place, e.g 12.5 or 12.5% and all other answers to 2 decimal places, e.g. 12. 12.55%) Net Profit margin % Total assets turnover ratio times Equity multiplier Return on assets % Return on equity %