Answer to Question #126761 in Economics for Kgothatso

Question

Calculate the DuPont Model, given the following balances:
Year 1 data
Cash R16,080
Accounts receivable R9,500
Prepaid R3,150
Supplies R675
Equipment R25,200
Accumulated depreciation equipment R8,150
Year 2 data
Cash R20,000
Accounts receivable R15,000
Prepaid R1,175
Supplies R2,675
Equipment R89,057
Accumulated depreciation equipment R36,800;
Equity R82,600
Net sales R325,000
Net income of R56,824
Assume sales revenue and net sales are the same

Answer 1

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