Question: What are the steps to solving the following problem?: The DuPont formula relates return on equity (= Net incomet / Stockholders equityt) to the company's

What are the steps to solving the following problem?: The DuPont formula relates return on equity (= Net incomet / Stockholders equityt) to the company's net profit margin (= Net income / Sales), asset turnover (= Salest / Total assetst), and equity multiplier (= Total assets / Stockholders equity). This Company is in an industry where the average net profit margin is 5.85%, the debt-to-asset ratio (= Debt / Total assets) is 47.5%, and return on equity is 37.09%. The Company's financial statements for year 2525 show that year-end Total assets of $6,700 include Plant, property, & equipment (PP&E) of $4,200 . The assets are financed by Debt of $2,300 and Stockholders' equity of $4,400 . The annual Sales for 2525 equal $22,110 , total costs equal $20,830 , and Net income equals $1,280 . For the company relative to the industry, select the one statement most consistent with the DuPont analysis

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