2e: Interpret the DuPont Formula ratios by explaining if its four ratios are a valid substitute for the ratios in Q1a-1d above. Cite specifics.

DuPont Formula - ROE	13.3%	0.8%	12.7%
Profitability	2.9%	0.2%	2.8%
Efficiency	2.8	2.6	2.5
Leverage	1.6	1.8	1.8
ROE Check	13.3%	0.8%	12.7%
Compound Annual Growth Rates
Revenues	#DIV/0!	5.0%	10.2%
Gross profit	#DIV/0!	-14.0%	33.8%
Operating profit (EBIT)	#DIV/0!	-79.0%	449.0%
Total assets	#DIV/0!	12.5%	11.8%