Red Oak Manufacturing The following information is available for the year ended December 31,2015:
$\begin{array}{l}
\text { Net income } &\$ 844,200 \
\text { Net sales } &6,809,000 \
\text { Average total assets } &5,911,000 \
\text { Average stockholders' equity } &2,575,000
\end{array}$
-Refer to Red Oak Manufacturing.DuPont analysis return on equity (ROE)is:

Question

Red Oak Manufacturing The following information is available for the year ended December 31,2015:
$\begin{array}{l}
\text { Net income } &\$ 844,200 \
\text { Net sales } &6,809,000 \
\text { Average total assets } &5,911,000 \
\text { Average stockholders' equity } &2,575,000
\end{array}$ 
-Refer to Red Oak Manufacturing.DuPont analysis return on equity (ROE)is:

Quizplus · Accepted Answer

ROE=Net income/Average stockholders'equity*100=844,200/2,575,000*100=32.8%

Red Oak Manufacturing the Following Information Is Available for the Year