A company called Premium Exchange Ltd has the financial information listed in the table below. The industry that this company operates in has an average ROE of 11.6% based on net profit margin of 4.5%, a return on assets of 5.7%, and financial leverage of 2.04.

	Premium Exchange LTD ($)
Total Assets	11,340,000
Total Equity	9,450,000
Revenue	15,400,000
Net Income	1,350,000

A) Calculate ROE and decompose it into its components using the traditional method. You can use the template below for the ROE calculation

Decomposition of ROE	Premium Exchange LTD
Net profit margin (ROS)
x Asset turnover
= Return on Assets (ROA)
x Financial leverage
= Return on equity (ROE)

B) Briefly analyse the results of the ROE decomposition using the traditional method.[Maximum of 100 words]

C) Briefly explain whether the alternative decomposition of ROE would give any additional (consider only two key) insights into the analysis of Premium Exchange Ltd’s performance. [Maximum of 100 words]