Write a user-defined function to calculate a firm's return on equity using the Du Pont method as

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Write a user-defined function to calculate a firm's return on equity using the Du Pont method as defined by (4-29) on page 123. You will need the function to accept three arguments: the net profit margin, total asset turnover ratio, and the debt ratio.
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Financial Analysis with Microsoft Excel

ISBN: 978-1111826246

6th edition

Authors: Timothy R. Mayes, Todd M. Shank

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