(DuPont analysis) Triangular Chemicals has total assets of $90 million, a return on equity of 37 percent, a net profit margin of 4.6 percent, and an equity multiplier of 2.97. How much are the firm's sales? The company's total sales are $ million. (Round to one decimal place.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
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(DuPont analysis) Triangular Chemicals has total assets of $90 million, a return on equity of 37 percent, a net profit margin of 4.6 percent, and an equity multiplier of 2.97. How much are the firm's sales?
The company's total sales are $
million. (Round to one decimal place.)
Transcribed Image Text:(DuPont analysis) Triangular Chemicals has total assets of $90 million, a return on equity of 37 percent, a net profit margin of 4.6 percent, and an equity multiplier of 2.97. How much are the firm's sales? The company's total sales are $ million. (Round to one decimal place.)
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