Posted: March 3rd, 2014

Quickware Computer’s return on equity (ROE) for the 2003

Quickware Computer’s return on equity (ROE) for the 2003 fiscal year was 10%. The company wishes to calculate their ROE for the 2004 fiscal year using the DuPont system. The following financial information is available. Use this data to calculate the ROE for 2004 using the DuPont system.

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Net income after tax $90,000.
Profit margin 10%
Total assets $750,000
Debt ratio 60%

Now, explain what could have happened to cause the change in ROE between 2003 and 2004.

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