Need help In 2012 XYZ Co. had sales of $74 billion and a net income of$23 billion, and its year-end total assets were $200 billion.The firm's total debt-to-total assets ratio was 45.3%. Basedon the DuPont equation, what was XYZ Co.'s ROE in 2012?a) 22.97%b) 8.67%c) 25.62%d) 21.02%e) 14.01%

Step 1: Define Return on EquityReturn on equity calculates the profitability of a company with…

Answered: In 2012 XYZ Co. had sales of $74…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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In 2012 XYZ Co. had sales of $74 billion and a net income of $23 billion, and its year-end total assets were $200 billion. The firm's total debt-to-total assets ratio was 45.3%. Based on the DuPont equation, what was XYZ Co.'s ROE in 2012? a) 22.97% b) 8.67% c) 25.62% d) 21.02% e) 14.01%