Oriole Corporation recently filed the following financial statements with the SEC. Look at the image for the balance sheet and more!Oriole CorporationIncome Statement for the FiscalYear Ended July 31, 2017Net sales $77,630Cost of products sold 55,218Gross profit $22,412Selling, general, and administrative expenses 9,893Depreciation 1,124Operating income (loss) $11,395Interest expense 688Earnings (loss) before income taxes $10,707Income taxes 3,748Net earnings (loss) $6,959 Use the DuPont identity to calculate the return on equity (ROE). In the process, calculate the following ratios: net profit margin, total asset turnover, equity multiplier, EBIT return on assets (EROA), and return on assets. (Do not round intermediate calculations. Round answers to 2 decimal places, e.g. 52.75 or 52.75%.)Net profit margin %Total asset turnover Equity multiplier EBIT return on assets %Return on assets %Return on equity %

Name: Oriole Corporation recently filed the following financial statements w
Uploaded: 2022-11-29T14:11:17.000Z
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Description: Oriole Corporation recently filed the following financial statements with the SEC. Look at the image for the balance sheet and more!Oriole CorporationIncome Statement for the FiscalYear Ended July 31, 2017Net sales $77,630Cost of products sold 55,21

Net profit Margin Net profit/sale Revenue Net profit…

Answered: Use the DuPont identity to calculate…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Oriole Corporation recently filed the following financial statements with the SEC. Look at the image for the balance sheet and more!

Oriole Corporation Income Statement for the Fiscal Year Ended July 31, 2017
Net sales		$77,630
Cost of products sold		55,218
Gross profit		$22,412
Selling, general, and administrative expenses		9,893
Depreciation		1,124
Operating income (loss)		$11,395
Interest expense		688
Earnings (loss) before income taxes		$10,707
Income taxes		3,748
Net earnings (loss)		$6,959

Use the DuPont identity to calculate the return on equity (ROE). In the process, calculate the following ratios: net profit margin, total asset turnover, equity multiplier, EBIT return on assets (EROA), and return on assets. (Do not round intermediate calculations. Round answers to 2 decimal places, e.g. 52.75 or 52.75%.)

Net profit margin		%
Total asset turnover
Equity multiplier
EBIT return on assets		%
Return on assets		%
Return on equity		%

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