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Use the financial statements below to calculate the firm's ROE using the full DuPont formula - that means you must show the calculation using all
Use the financial statements below to calculate the firm's ROE using the full DuPont formula - that means you must show the calculation using all three components Acme Products, Inc Acme Products, Inc Balance Sheets Income Statement current prior current ASSETS Cash Receivables yr yr yr 500 400 Sales (all credit) 7,500 3,500 4,000 1,400 400 Opertating income 2,200 100 2,100 525 1,575 Cost of Goods 600 sold 1,125 900 Gross Profit Inventory Property, plant & equipment Total assets Operating expenses 2,750 2,200 5,125 4,100 Depreciation LIABILITIES&EQUITY Accounts payables Accrued expenses Long-term debt Common stock Paid-in Capital Retained earnings Total liabilities and equity Interest expense 625 500 Taxable income 400 1,400 750 600 250 200 1,250 1,000 5,125 4,100 500 Taxes (25%) 1,750 Net income
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