The following are the financial statements for Sandhill Consumer Products Company for the fiscal year ended September 30, 2017.

Problem 4.33 The following are the financial statements for Sandhill Consumer Products Company for the fiscal year ended September 30, 2017 $42,633 Sandhill Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2017 Net sales $65,540 Cost of products sold 22,907 Gross profit Marketing, research, administrative expense 16,100 Depreciation 700 Operating income (loss) $25,833 Interest expense 457 Earnings (loss) before income taxes $25,376 Income taxes 7,750 Net earnings (loss) $17,626 $3,710 7,760 2,910 7,710 Sandhill Consumer Products Company Balance Sheet as of September 30, 2017 Assets: Liabilities and Equity: Cash and marketable securities $5,100 Accounts payable Investment securities 467 Accrued and other liabilities Accounts receivable 3,946 Taxes payable Inventory 3,600 Debt due within one year Deferred income taxes 818 Prepaid expenses and other receivables 1,452 Total current assets $15,383 Total current liabilities Property, plant, and equipment, at cost 26,304 Long-term debt Less: Accumulated depreciation 9,397 Deferred income taxes Net property, plant, and equipment $16,907 Other noncurrent liabilities Net goodwill and other intangible assets 24,400 Total liabilities Other noncurrent assets 1,940 Convertible Class A preferred stock Common stock Retained earnings Total stockholders' equity Total assets $58,630 Total liabilities and equity $22,090 10,410 1,690 2,100 $36,290 1,140 2,100 19,100 $22,340 $58,630 Using the DuPont identity, calculate the return on equity for Sandhill, after calculating the ratios that make up the DuPont identity. (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. 12.55 or 12.55%.) Net Profit margin Total assets turnover ratio times Equity multiplier Return on assets Return on equity Click if you would like to Show Work for this question: Open Show Work