Fill This Form To Receive Instant Help
Homework answers / question archive / Triangular Chemicals has total assets of $97 ?million, a return on equity of 35 ?percent, a net profit margin of 4
Triangular Chemicals has total assets of $97 ?million, a return on equity of 35 ?percent, a net profit margin of 4.9 ?percent, and an equity multiplier 2.98
The company's total sales are? ____ round to one decimal place
DuPont Analysis States,
ROE = Profit Margin (Profit/Sales)*Total Asset Turnover (Sales/Assets) * Equity Multiplier (Assets/Equity)
35% = 4.90%*(Sales/$97)*2.98
35% = 0.14602*(Sales/$97)
Sales/$97 = 35%/0.14602
Sales/$97 = $2.40 millions
Sales = $232.50 Million