Devon Manufacturing, Inc.
The following information is available for Devon Manufacturing for the year ended December 31, 2012:

-Refer to Devon Manufacturing, Inc. DuPont analysis return on equity (ROE) for Devon is:
A) 32.78%.
B) 34.51%.
C) 35.48%.
D) 38.69%.

Question

Devon Manufacturing, Inc. 
The following information is available for Devon Manufacturing for the year ended December 31, 2012:
 
-Refer to Devon Manufacturing, Inc. DuPont analysis return on equity (ROE) for Devon is:
A) 32.78%. 
B) 34.51%. 
C) 35.48%. 
D) 38.69%.

Quizplus · Accepted Answer

ROE = Net income / Shareholder's equity = $1,200,000 / $3,666,000 = 32.78%