Last year ABC Corp. had sales of $525,000 and a net income of $12,600, and its year-end assets were $100,000. The firm's total-liabilities-to-total-assets ratio was 50.00%. Based on the DuPont equation, what was ABC's ROE? Show your answer in this format: 12.34%

Answer rating: 100% (QA)

To calculate the return on equity ROE using the DuPont equation we need to multiply three components ... View the full answer