Calculate the Dupont Model, given the following information:
Calculate the Dupont Model, given the following information:
Cash = $16,080; accounts receivable = $9,500; prepaid = $3150; Supplies = $675; equipment = $25,200; accumulated appreciation – equipment = $8,150 for year one.
Cash = $20,000; accounts receivable = $15,000; prepaid = $1,175; Supplies = $2,675; equipment = $89,057; accumulated appreciation – equipment = $36,800 for year two.
Additional year 2 data is as follows: equity equal $82,600; net sales = $325,000; net income of $56,824. Assume sales revenue and net sales are the same, leave as a decimal to two places.