Calculate the Dupont Model: Given the following information: cash=16,080; accounts receivable=9,500; prepaid=3,150; supplies= 675; equipment=25,200; accumulated depreciation – equipment=8,150 for year one. Cash=20,000; accounts receivable=15,000; prepaid=
Calculate the Dupont Model: Given the following information: cash=16,080; accounts receivable=9,500; prepaid=3,150; supplies= 675; equipment=25,200; accumulated depreciation – equipment=8,150 for year one. Cash=20,000; accounts receivable=15,000; prepaid=1,175; supplies= 2,675; equipment= 89,075; accumulated depreciation – equipment = 36,800 for year 2. Additional year 2 data is as follows: equity equals=82,600; net sales= 325,000; net income=56,824. Assume sales revenue and net sales are the same, leave as a decimal to two places.
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