Given the statement of financial position, statement of comprehensive income and the industry average ratios answer the questions that follow. Assume all sales are on credit and 365 days.
- Calculate the Du Pont equation.
- Compare the Du Pont equation calculated in (1) with the composite equation for the whole industry.
- Briefly comment on a comparison between the company and industry with specific regard to liquidity, solvency and asset management.
With a statement of financial position and statement of comprehensive income
- Establish the percentage change in the company's return on equity (ROE) once these changes are effected.
Please provide formulas for questions above.