Refer to the “Look Back” section in this chapter and to Dell’s classified balance sheet in Exhibit 2. Write a memorandum to the board of directors that summarizes Dell’s profitability performance from 2003 to 2004. (Total assets and total stockholders’ equity for Dell in 2002 were $13,535 million and $4,694 million, respectively.) Include an assessment of that performance and compare Dell’s performance with the industry averages in Figures 4 to 9.