Refer to Rhodes Bakery.Perform DuPont Analysis for Year 3 and Year 2,including the three components of return on equity (ROE).Round your answers to two decimal places,then comment on the company's relative ROE from Year 2 to Year 3.
Additional information is available below:
$\begin{array}{lrr}
&\text { Year } 3 & \text { Year } 2\
\text { Total sales } & \$ 500,000 & \$ 410,000 \
\text { Net income } & \$24,000 & \$ 28,750
\end{array}$
At December 31,Year 1,the company's total assets and total shareholders' equity were $325,000 and $287,500,respectively.

Question

Refer to Rhodes Bakery.Perform DuPont Analysis for Year 3 and Year 2,including the three components of return on equity (ROE).Round your answers to two decimal places,then comment on the company's relative ROE from Year 2 to Year 3.
Additional information is available below:
 $\begin{array}{lrr}
&\text { Year } 3 & \text { Year } 2\
\text { Total sales } & \$ 500,000 & \$ 410,000 \
\text { Net income } & \$24,000 & \$ 28,750
\end{array}$ 
At December 31,Year 1,the company's total assets and total shareholders' equity were $325,000 and $287,500,respectively.

Quizplus · Accepted Answer

The Answer of Refer to Rhodes Bakery.Perform DuPont Analysis for Year 3 and Year 2,including the three components of return on equity (ROE).Round your answers to two decimal places,then comment on the company's relative ROE from Year 2 to Year 3.
Additional information is available below:
 $\begin{array}{lrr}
&\text { Year } 3 & \text { Year } 2\
\text { Total sales } & \$ 500,000 & \$ 410,000 \
\text { Net income } & \$24,000 & \$ 28,750
\end{array}$ 
At December 31,Year 1,the company's total assets and total shareholders' equity were $325,000 and $287,500,respectively.

Refer to Rhodes Bakery At December 31,Year 1,the Company's Total Assets and Total Shareholders