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Question

Which equation correctly represents 'DuPont Analysis:

A ROE = Profit Margin x Asset Turnover Ratio x Equity Multiplier

B ROA = Profit Margin x Net sales x Equity Multiplier

C ROE = Profit Margin x Asset Turnover Ratio x Liabilities Turnover

D ROA = Profit Margin x Asset Turnover Ratio x Liabilities Turnover

E None of the above

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