Carla Vista, Inc., has net income of $14,245,000 on net sales of $407,000,000.The company has total...
Carla Vista, Inc., has net income of $14,245,000 on net sales of
$407,000,000.The company has total assets of $110,000,000 and
stockholders’ equity of $55,000,000. 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%.)
Homework Answers
Based on Du Pont equation,
ROE = Net Profit Margin * Asset Turnover * Equity Multiplier
ROE = (Net Profit/Sales) * (Sales/Total Assets) * (Total Assets/Equity)
ROE = ($14,245,000/$407,000,000) * ($407,000,000/$110,000,000) * ($110,000,000/$55,000,000)
ROE = 25.9%
ROA = Net Profit Margin * Asset Turnover
ROA = (Net Profit/Sales) * (Sales/Total Assets)
ROA = ($14,245,000/$407,000,000) * ($407,000,000/$110,000,000)
ROA = 12.95%
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Carla Vista, Inc., has net income of $14,245,000 on net sales of
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