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Calculate Return on Equity (ROE) for 2021 using the Dupont Equation

Calculate Return on Equity (ROE) for 2021 using the Dupont Equation

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Calculate Return on Equity (ROE) for 2021 using the Dupont Equation

Cash Accounts Receivable Inventory Current Assets Fixed Assets Gross Accumulated Deprecation Net Fixed Assets Total Assets Assets $ $ $ $ $ 12/31/2020 2,000 $ 4,832 3,217 10,049 $ 35,183 $ (22,640) 12,543 $ 22,592 $ Cortland, Inc. Balance Sheet 12/31/2021 4,800 6,614 2,843 14,257 39,456 (24,852) 14,604 28,861 Accounts Payable Salary Payable Current Liabilities Long Term Debt Total Liabilities Common Stock Retained Earnings Total Equity Total Liabilities and Equity Liabilities $ $ $ Equity $ $ 60 $ 10 12/31/2020 1,600 $ 315 1,915 $ 1,823 3,738 $ 10,000 $ 8,854 18,854 $ 22,592 $ 12/31/2021 3,573 1,228 4,801 409 5,210 13,500 10,151 23,651 28,861
Transcribed Image Text:Cash Accounts Receivable Inventory Current Assets Fixed Assets Gross Accumulated Deprecation Net Fixed Assets Total Assets Assets $ $ $ $ $ 12/31/2020 2,000 $ 4,832 3,217 10,049 $ 35,183 $ (22,640) 12,543 $ 22,592 $ Cortland, Inc. Balance Sheet 12/31/2021 4,800 6,614 2,843 14,257 39,456 (24,852) 14,604 28,861 Accounts Payable Salary Payable Current Liabilities Long Term Debt Total Liabilities Common Stock Retained Earnings Total Equity Total Liabilities and Equity Liabilities $ $ $ Equity $ $ 60 $ 10 12/31/2020 1,600 $ 315 1,915 $ 1,823 3,738 $ 10,000 $ 8,854 18,854 $ 22,592 $ 12/31/2021 3,573 1,228 4,801 409 5,210 13,500 10,151 23,651 28,861
Cortland, Inc. Income Statement For Year Ended 12/31/21 Sales Cost of Goods Deprecation Operating Expenses EBIT Interest EBT Tax Net Income Dividends Addition to R/E $ 40,000 12,512 2,212 17,275 $ 8,001 180 $ 7,821 2,265 $ 5,556 4,259 1,297
Transcribed Image Text:Cortland, Inc. Income Statement For Year Ended 12/31/21 Sales Cost of Goods Deprecation Operating Expenses EBIT Interest EBT Tax Net Income Dividends Addition to R/E $ 40,000 12,512 2,212 17,275 $ 8,001 180 $ 7,821 2,265 $ 5,556 4,259 1,297
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