DuPont Model approach to financial management : a case study of veterinary practices, A
As the veterinary industry continues to face personal debt and practice management challenges, financial analysis of veterinary practices is becoming increasingly important. Historically, veterinary practices have been managed for profitability, which when measured alone ignores the role investment and borrowing play in earning financial returns. A DuPont Model is employed to measure profitability, asset turnover, and leverage separately and then collectively through the evaluation of return on equity (ROE). Veterinary practices are divided into performance groups based on ROE and the management ...
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