The following information of Red Oak Manufacturing is available for the current year: Net income $844,200 Net sales 6,809,000 Average total assets 5,911,000 Average stockholders' equity 2,575,000 The total leverage as per the DuPont analysis computation is

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information of Red Oak Manufacturing is available for the current year:

Net income $844,200
Net sales 6,809,000
Average total assets 5,911,000
Average stockholders' equity 2,575,000

The total leverage as per the DuPont analysis computation is

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