b) Mr. D.I.Y.s shareholders major concern is how much earning derived from their equity investment. In addition, they also demand more in-depth analysis that could identify the strengths and weaknesses of the company.

i) To satisfy the shareholders, calculate Mr. D.I.Y.s ROE as well as the industry average ROE, using the DuPont equation. (5 marks)

ii) Evaluate Mr. D.I.Y.s financial performance based on the outcome from part b(i). (5 marks)

STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 STATEMENTS OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022