Balance Sheet Data Income Statement Data Cash $1,000,000 Accounts payable $1,200,000 Sales $20,000,000 Accounts receivable 2,000,000 Accruals 400,000 Cost of goods sold 12,000,000 Inventory 3,000,000 Notes payable 1,600,000 Gross profit 8,000,000 Current assets 6,000,000 Current liabilities 3,200,000 Operating expenses 5,000,000 Long-term debt 4,500,000 EBIT 3,000,000 Total liabilities 7,700,000 Interest expense 732,000 Common stock 1,575,000 EBT 2,268,000 Net fixed assets 8,000,000 Retained earnings Total equity 4,725,000 Taxes 6,300,000 Net income 567,000 $1,701,000 Total assets $14,000,000 Total debt and equity $14,000,000 If I remember correctly, the DuPont equation breaks down our ROE into three component ratios: the net profit margin the total asset