1. Using the data below, calculate ROE in both years the easy way. (1 point) Then show the components of ROE in both years using the DuPont formula (2 points). Then discuss what the DuPont analysis reveals and offer any recommendations to management. (9 points).

Warning! Note the years: write your analysis of how things changed from 2019 to 2020.

Select Financial Data for ABC Corp.
	2020	2019
	11,000	10,000
Sales	0	0
Earnings After Tax	500	600
Total Assets	18,000	15,000
Total Equity	6,300	6,000