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Home Q & A Board Science-Related Homework Help Forensic Science
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PorterOlaph PorterOlaph
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6 years ago
Blue Angel, Inc. generated sales of $420,000 in the year 2014. The accountant provided the following additional information:

Net profit margin   3%
Total Shareholder's equity   $112,000
Total assets   $280,000

Using the DuPont model, calculate the return on equity of the company.
A) 1.8%
B) 5%
C) 11.25%
D) 0.8%
Textbook 
Forensic Accounting

Forensic Accounting


Edition: 1st
Authors:
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discovrndiscovrn
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6 years ago
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PorterOlaph Author
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#2
6 years ago
Much appreciated. Excellent explanation too
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