Excel for Excel Excel Excel for Excel Excel Excel for the The total assets for this company equal $80,000. Set up the equation for the Du Pont system of ratio analysis, and compute c, d, and e. c. Profit margin d. Total asset turnover e. Return on assets (investment) TIMES MIRROR AND GLASS CO. Income Statement Sales $1,26,000 Less: Cost of goods sold 93,000 Gross profit $33,000 Less: Selling and administrative expense 11,000 Less: Lease expense 4,000 Operating profit $18,000 Less: Interest expense 3,000 Earnings before taxes Less: Taxes (40%) Earnings after taxes $15,000 4,500 $10,500 = Home Problem 3-22 Problem 3-23 Problem 3-24 Problem 3-36 Problem 3-37