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3. (20') You are given the following data about P&G Company and Alibaba Company, two of the major corporations in the consumer goods industry and
3. (20') You are given the following data about P&G Company and Alibaba Company, two of the major corporations in the consumer goods industry and the e- commerce industry. The data are for the end of the financial year 2015, and are in US$ millions. The data in the following table are according to the U.S.GAAP. P&G Alibaba Sales 21335| 12300 EBIT 2530 1420 EBT 2015| 995 NI | 1100 600 Assets 39650 31780 Equity 18550 14200 (1) Compute the ROE for P&G Company and Alibaba Company. (2) Use the DuPont model to analyze the difference in ROE between the two companies, and discuss the operating conditions of the two companies
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