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​(DuPont analysis)  Triangular Chemicals has total assets of $100 ​million, a return on equity of 39...

​(DuPont analysis)  Triangular Chemicals has total assets of

$100

​million, a return on equity of

39

​percent, a net profit margin of

4.6

​percent, and an equity multiplier of

2.49.

How much are the​ firm's sales?The​ company's total sales are

​$nothing

million.  ​(Round to one decimal​ place.)

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Answer #1

Total Assets = $100,000,000

Equity multiplier = Total Assets / Total stockholder's equity

2.49 = $100,000,000 / Total stockholder's equity

Total stockholder's equity = $40,160,642.57

Return on Equity = Net Income / Total stockholder's equity

net Income = $40,160,642.57 * 0.39

net Income = $15,662,650.60

Net profit Margin = Net Income / Total sales

Total Sales = $15,662,650.60 / 0.046

Total Sales = $340,492,404.4

So, Total sales = $340.5 million (rounded off to '1' decimal)

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