calculate debt/equity ratio and interest coverage ratio.

suggest target D/E and ROE.

DuPont Analysis for ROE

EXHIBIT 1: FINANCIAL PERFORMANCE OF ASAHI INDIA GLASS LIMITED, 2004-2013 (For the Year Ended March 31 in INR millions) Note: EBDIT= earnings before depreciation, interest and tax; EBIT= earnings before interest and tax Source: Author's calculations based on Asahi India Glass Limited annual reports for the years 2004/05 to 2012/13. EXHIBIT 2: BALANCE SHEETS OF ASAHI INDIA GLASS LIMITED, 2004-2013| (As of March 31 in INR millions)