How can I solve this financial accounting problem using the appropriate financial process? In 2021, Young Industries had sales of $72billion and a net income of $28 billion, and itsyear-end total assets were $185 billion. Thefirm's total debt-to-total assets ratio was52.6%. Based on the DuPont equation, whatwas Young Industries' ROE in 2021?

Step 1: Definition of DuPont EquationThe DuPont Equation is a financial analysis tool that breaks…

Answered: In 2021, Young Industries had sales of…

Cornerstones of Financial Accounting

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ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

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In 2018 XYZ Co. had sales of $86 billion and a net income of $41 billion, and its year-end total assets were $210 billion. The firm's total debt-to-total assets ratio was 46.9%. Based on the DuPont equation, what was XYZ Co.'s ROE in 2018? a) 22.97% b) 36.77% c) 25.62% d) 21.02% e) 14.01% answer this question
In 2018 XYZ Co. had sales of $86 billion and a net income of $41 billion, and its year-end total assets were $210 billion. The firm's total debt-to-total assets ratio was 46.9%. Based on the DuPont equation, what was XYZ Co.'s ROE in 2018? a) 22.97% b) 36.77% c) 25.62% d) 21.02% e) 14.01%
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In 2020, We “B” Toys had total liabilities of $4,515 million and total assets of $8,003 million. In 2019, their total liabilities were $4,673 million and total assets were $8,353 million. Which of the following statements is true? Group of answer choices A)The company had a decrease in their debt to equity ratio from 2019 to 2020. b)The company had more creditor financing versus stockholder equity financing in 2020. c)Their debt to equity ratio in 2020 means they have less than half their financing provided by creditors. d)All of the above are true. e)None of the above is true.
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In 2021, Young Industries had sales of $72 billion and a net income of $28 billion, and its year-end total assets were $185 billion. The firm's total debt-to-total assets ratio was 52.6%. Based on the DuPont equation, what was Young Industries' ROE in 2021?