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The following data apply to Jacobus and Associates (millions of dollars):
The following data apply to Jacobus and Associates (millions of dollars):
Cash $400
Fixed Income $4,300
Sales $14,600
Net Income $730
Quick Ratio 2.0
Current Ratio 3.0
DSO 40 days
ROE 12.5%
Jacobus has no preffered stock-only common equity, current liabilities, and long-term debt.
Substitute you calculated profit margin, total asset turnover, and equity multiplier into the DuPont equation and verify that resulting ROE is 12.5%
(4) total assets,
(5) ROA,
(6) common equity,
