Question
Use the DuPont system and the following data to find return on equity. (Do not round intermediate calculations. Round your answer to 1 decimal place.)
Use the DuPont system and the following data to find return on equity. (Do not round intermediate calculations. Round your answer to 1 decimal place.)
| Leverage ratio | 2.0 |
| Total asset turnover | 2.9 |
| Net profit margin | 4.5% |
| Dividend payout ratio | 33.6% |
Return on equity:_________%
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
