Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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General accounting

Use the DuPont system and the following data to find
return on equity.
Leverage ratio (assets/equity) 2.5
Total asset turnover
2.8
Net profit margin
4.0%
Dividend payout ratio
24.0%
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Transcribed Image Text:Use the DuPont system and the following data to find return on equity. Leverage ratio (assets/equity) 2.5 Total asset turnover 2.8 Net profit margin 4.0% Dividend payout ratio 24.0%
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