id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajfa-1579	Eagle, David; Djatej, Arsen	The Percent-Change Extension to the DuPont Identity	2012	11	.pdf	application/pdf	4053	194	59	DuPont Identity Example 4 time Profit Margin Total Asset Turnover Equity Multiplier ROE 2008 10.00% 1.28 1.2 15.36% 2009 9.00 1.30 1.4 16.38% % increase -10.00% +1.56% +16.67% +6.64% instantaneous % increase -10.54% +1.55% +15.42% +6.43% Table 4 presents an example where the growth rate formula (6) or its approximation (7) is more useful than the DuPont Identity itself for determining the real reason behind a ROE increase. +20.00% +8.33% +17.00% instantaneous % increase -10.54% +18.23% +8.00% +15.70% If we apply the approximation (7), we would conclude that the ROE decreased by approximately 23.33% (=10%-33.33%).	cache/ajfa-1579.pdf	txt/ajfa-1579.txt