Cullumber, Inc., has net income of $20,160,000 on net sales of $480,000,000.The company has total assets of $120,000,000 and stockholders’ equity of $50,000,000. Use the extended DuPont identity to find the return on assets and return on equity for the firm. (Round answers to 2 decimal places, e.g. 12.25 or 12.25%.) Profit margin enter percentages rounded to 2 decimal places % Total assets turnover enter Total assets turnover in times rounded to 2 decimal places times ROA enter percentages rounded to 2 decimal places % ROE enter percentages rounded to 2 decimal places %
Cullumber, Inc., has net income of $20,160,000 on net sales of $480,000,000.The company has total assets of $120,000,000 and stockholders’ equity of $50,000,000. Use the extended DuPont identity to find the return on assets and return on equity for the firm. (Round answers to 2 decimal places, e.g. 12.25 or 12.25%.) Profit margin enter percentages rounded to 2 decimal places % Total assets turnover enter Total assets turnover in times rounded to 2 decimal places times ROA enter percentages rounded to 2 decimal places % ROE enter percentages rounded to 2 decimal places %
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 17E
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Cullumber, Inc., has net income of $20,160,000 on net sales of $480,000,000.The company has total assets of $120,000,000 and
Profit margin
|
enter percentages rounded to 2 decimal places | % | |
---|---|---|---|
Total assets turnover
|
enter Total assets turnover in times rounded to 2 decimal places | times | |
ROA
|
enter percentages rounded to 2 decimal places | % | |
ROE
|
enter percentages rounded to 2 decimal places | % |
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