Use the DuPont system and the following data to find return on equity. Leverage ratio (assets/equity) | 3.2 Total asset turnover | 2.1 Net profit margin | 5.2% Dividend payout ratio | 30.0%

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 1Q: Define each of the following terms: Liquidity ratios: current ratio; quick, or acid test,...
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Can you solve this general accounting question with accurate accounting calculations?

Use the DuPont system and the following data to find return on equity.
Leverage ratio (assets/equity) | 3.2
Total asset turnover | 2.1
Net profit margin | 5.2%
Dividend payout ratio | 30.0%
Transcribed Image Text:Use the DuPont system and the following data to find return on equity. Leverage ratio (assets/equity) | 3.2 Total asset turnover | 2.1 Net profit margin | 5.2% Dividend payout ratio | 30.0%
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