Hershey Co. reported the following income statement and balance sheet (in millions) for 2011. Construct the expanded

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Hershey Co. reported the following income statement and balance sheet (in millions) for 2011. Construct the expanded DuPont identity similar to Figure 3.1. What is the company's return on equity?

Hershey Co. reported the following income statement and balance sheet


DuPont Identity
The DuPont identity is an expression that shows a company's return on equity (ROE) can be represented as a product of three other ratios: the profit margin, the total asset turnover, and the equity multiplier. The formula for the DuPont identity...
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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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