DuPont equation: Andrade Corp has debt of $2,834,950, total assets of $5,178,235, sales of $8,234,121, and net income of $812,355. What is the firm's return on equity?
A) 7.1%t
B) 34.7%
C) 28.1%
D) 43.2%
Answer: B
DuPont equation: Andrade Corp has debt of $2,834,950, total assets of $5,178,235, sales of $8,234,121, and net income of $812,355. What is the firm's return on equity?
A) 7.1%t
B) 34.7%
C) 28.1%
D) 43.2%
Answer: B
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