3. Applying the DuPont equation, explain the performance of Corrigans financial position over time, as well as in comparison to the industry with regard to its expense control, asset utilization, and debt utilization. Which of these three factors should Corrigan pay attention in order to improve its ROE?

2019 2018 Debt to asset ratio Times Interest Earned (TIE) Profit Margin Return on assets Return on equity P/E ratio M/B ratio Industry Average 50.0% 3.3x 3.10% 8.9% 16.12% 5.5x 1.00x If this item does not open automatically you can open Assignment 4 here 2098146 1/3 Homework Age 4 Due: Wednesday, February 26, 2020 Corrigan Corporation Balance Sheets as of December 11 in thousands of dollars 2019 72,000 439.000 2018 65.000 $ Accounts receivable $ 13000 1.206.000 271.000 Total Current Assets Land and building Machinery Otheredes 1,405.000 238.000 132.000 57.000 $ 1,885,000 $ 1,667000 Accounts payable 282,000 $ 602.000 5 571,500 $ $ Accredibilities Total Current Liabilities long-term debe Total Liabilities Co Stock Retained earnings Totalcommon equity Total abilities and Equity 830,393 575.000 1,005,200 525000 254 710 29,710 1.835 000 $ $ $ $ 36,602 1,567,000 Corrigan Corporation Income Statements for Years Ending December 31 thousands of dollars) $ Cost of goods sold EBITDA Depreciation expense $ 4,790 3,726,320 513.68 159.000 54,800 134.000 220O 89.272 132.405 2018 $ 105 3,391,550 $ 441,450 154500 $ 26,950 127.000 $ 159,900 63.98 $ 95,970 Interest espense Tawes 9095 Net Income Cash Dividend per share Stock Price Coverage! Book value per share 2019 5.76 1.10 31.68 36.07 $ $ $ $ 23.57 36.37