Lexington Inns reported these figures for 2014 and 2013 (in millions): Requirements 1. Use DuPont analysis to

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Lexington Inns reported these figures for 2014 and 2013 (in millions):
Lexington Inns reported these figures for 2014 and 2013 (in

Requirements
1. Use DuPont analysis to compute Lexington's return on assets and return on equity for 2014.
2. Do these rates of return suggest strength or weakness? Give your reason.
3. What additional information do you need to make the decision in requirement 2?

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Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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