I have a rather basic applied algebra problem that I would love some help with as my high school level algebra has now totally eluded me
I have the basic financials of a company but this does not include sales
However, the DuPont ROE formula as below is:
Net income/Sales * Sales/Assets * Assets/Equity = ROE
I have all inputs except Sales.
So in algebra this would be solve S where we have values for all other inputs
N/S * S/A * A/E = R
So for example:
4/40 * 40/20 * 20/5 = 80%
But what I have is:
4/S * S/20 * 20/5 = 80%
What are the algebraic steps to solving S?
many thanks!
I have the basic financials of a company but this does not include sales
However, the DuPont ROE formula as below is:
Net income/Sales * Sales/Assets * Assets/Equity = ROE
I have all inputs except Sales.
So in algebra this would be solve S where we have values for all other inputs
N/S * S/A * A/E = R
So for example:
4/40 * 40/20 * 20/5 = 80%
But what I have is:
4/S * S/20 * 20/5 = 80%
What are the algebraic steps to solving S?
many thanks!