1) Conduct the 3-step and 5-step Dupont Analysis based on the provided information for the year 2018.

8. (10 points) Conduct the 3-step and 5-step Dupont Analysis based on the provided information. The information is from an online resource, please do not distribute the question. Balance sheet Uss in thousands ASSETS As of December 31 20X8 20X7 1.710 3.100 660 1.800 2.900 570 110 50 Current assets: Cash and cash equivalents Accounts receivable, net Inventories Prepaid expences Other current assets Total current assets Non-current assets: Property. Plant & Equipment Goodwill Other non-current assets Total non-current assets TOTAL ASSETS 700 6.220 630 6,010 As of December 31 LIABILITIES AND EQUITY 20X8 20X7 Current liabilities: 750 830 Short-term debt 5.800 7.000 Accounts payable 7,650 7,410 Accrual liabilities 270 330 Advances received 140 80 Accrued taxes payable 14.610 15.650 Total current liabilities Long-term liabilities: 26.500 28.000 Long-term debt 7.100 7,100 Deferred tax liabilities 4,760 5,120 Other long-term liabilities 38,360 40,220 Total long-term liabilities 52.970 55,870 Equity: Preferred stock Common stock Retained earnings Total equity TOTAL LIABILITIES AND EQUITY 12.000 12.680 230 780 310 810 13,800 13,010 2.000 25.940 5.800 2.000 26,500 7.560 36,060 33,740 52.970 55,870 The reported statement of income for the 20X8 financial year is as follows: US$ in thousands Sales, net Cost of sales Gross margin Research and development General and administrative expenses Operating expenses Operating income Interest expense Earnings before taxes Provision for taxes Net income 45,680 32,540 13,140 1,350 2,730 4,080 9,060 1,610 7,450 2,100 5,350