In 2021, ABC Electronics had sales of $50 billion and a net income of $15 billion, with year-end total assets of $120 billion. The company's total debt-to-total assets ratio was 40.5%. Based on the DuPont equation, what was ABC Electronics' ROE in 2021? a) 18% b) 21% c) 14% d) 23%

In 2021, ABC Electronics had sales of $50 billion and a net income of $15 billion, with year-end total assets of $120 billion. The company's total debt-to-total assets ratio was 40.5%. Based on the DuPont equation, what was ABC Electronics' ROE in 2021? a) 18% b) 21% c) 14% d) 23%

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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