Please provide the answer to this financial accounting question using the right approach. In 2022 Xeris Inc. had sales of $72 billion and a net income of $28 billion,and its year-end total assets were $195 billion. The firm's total debt-to-total assets ratio was 52.3%. Based on the DuPont equation, what wasXeris Inc.'s ROE in 2022?a) 22.9%b) 36.7%c) 30.1%d) 21.0%e) 14.1%

Explanation of DuPont Equation :The DuPont equation, also known as the DuPont analysis or DuPont…

Answered: In 2022 Xeris Inc. had sales of $72…

Cornerstones of Financial Accounting

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Chapter12: Fainancial Statement Analysis

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In 2022 Xeris Inc. had sales of $72 billion and a net income of $28 billion, and its year-end total assets were $195 billion. The firm's total debt-to- total assets ratio was 52.3%. Based on the DuPont equation, what was Xeris Inc.'s ROE in 2022? a) 22.9% b) 36.7% c) 30.1% d) 21.0% e) 14.1%