Frankenmuth is a city in Saginaw County in the U.S. state of Michigan. The population was 4,944 at the 2010 census. The city is located within Frankenmuth Township, but is politically independent. Bronner's Christmas Wonderland, which bills itself as the World's Largest Christmas Store, is located in Frankenmuth.
In 1970, Mystic Seaport began construction of the Henry B. duPont Preservation Shipyard, a unique facility with a sawmill, a 90-foot lathe for turning masts and spars and a maritime elevator or lift dock capable of hauling a 375-ton vessel. The Morgan floated free in 1973 after two years of work on her lower hull.
For this reason, the DuPont formula was created. The DuPont Formula. The DuPont formula breaks down ROE into three distinct elementsâprofitability, efficiency and financial leverage. The formula is used by investors to compare and analyze the source of a companyâs ROE compared to historical trends or other companies in similar industries. The DuPont formula breaks down ROE as follows: