Please provide this question answer general accounting Xtreme Sports Innovations has disclosed thefollowing information:EBIT = $19,840,000Net income = $6,710,000Net sales = $82,520,000Total debt = $21,080,000Total assets = $78,470,000Compute the following ratios for this firm using theDuPont identity: debt-to-equity ratio, EBIT ROA,ROA, and ROE.

Step 1: Define Du-Pont AnalysisDu-Pont analysis is used to understand the Return on Equity (ROE) of…

Answered: Xtreme Sports Innovations has disclosed…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 49E

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In the right-hand column below, certain financial ratios are listed. To the left of each ratio is a businesstransaction or event relating to the operating activities of Delta Company (each transaction should be considered independently).Business Transaction or Event Ratio1. Declared a cash dividend. Current ratio2. Sold inventory on account at cost. Acid-test ratio3. Issued bonds with an interest rate of 8%. The company’s Return on commonreturn on assets is 10%. stockholders’ equity4. Net income decreased by 10% between last year and this Times interest earnedyear. Long-term debt remained unchanged.5. Paid a previously declared cash dividend. Current ratio6. The market price of the company’s common stock dropped Dividend payout ratiofrom $24.50 to $20.00. The dividend paid per share remainedunchanged.7. Obsolete inventory totaling $100,000 was written off as a loss. Inventory turnover ratio8. Sold inventory for cash at a profi t. Debt-to-equity ratio9. Changed customer credit terms…
What is the company's debt to equity ratio on these general accounting question?

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