Conduct a DuPont analysis for H&M

Hennes & Mauritz Income Statement and Balance Sheet (USD 000 Exhibit 14 1998/1999 3,280,953 1,547,329 1,733,624 1999/2000 3,000,190 1,487,747 1,521.443 Net Operating Revenues Cost Of Goods Sold Gross Margin Operating Expenses (Income) (Personnel, R&D, Depreciations and other operating expenses) Operating Prdits Other Incomes (Expenses) Financial Exp (Income) Pretax Income 47.2% 52.8% 49.4 % 50.6% 36.4% 1,194,800 538,824 38.2% 12.3 % 0.0 % -0.8% 1,150,099 371,344 16.4% 0.0% -0.6 % 17.1% 21,012 559,835 192,729 367,106 -23,379 13.1% 394,723 -143,330 538,053 5.9% 11.2% 4.8% Income Tax Net Income 17.9 % 1,670,343 1,297,848 803,812 424,624 69,412 372,495 363,589 8,906 1,551,392 1,051,897 533,913 439,595 78,389 499,495 489,950 9,545 Asset Current Assets 77.7% 48.1% 25.4% 67.8% 34.4% Cash+ Investments 28.3% Inventories Other Current Assets Non Current Assets Prop Plant & Equip Net Other Assets 4.2% 5.1% 32.2% 22.3% 21.8% 31.6% 0.6% 0.5% 1,670,400 378,471 104,824 273,647 1,551,422 299,723 91,433 208,290 Liabilities Current Liabilities 22.7% 19.3% 6.3% 5.9% Accounts Payable (Short Term) Debts (Short Term) Other Short Term Liabilities Non Current Liabilities Debts (Long Term) Other Long Term Liabilities Equity Common Stock & Surplus Retained Earnings Other Equity 16.4% 0.0% 4.8% 13.4% 0.0% 5.0% 80,894 5,082 75,812 75.7% 1,211,035 194,259 84.2% 1,016,776 76,818 4,140 72,678 1,174,881 185,840 989,041 0.3% 0.3% 4.5% 72.5% 4.7% 16.0% 15.8% 84.0% 0.0% 0.0% 17,652 20,680 579,805 Full time average employee SquareMeters Hennes & Mauritz Report 1998/2000. ource: xchange rate: Exchange 1 US$ SEK 8.5 Date 30/11/2000 00/410es