DuPont	Dow	PPG
Revenues	$24,726	$27,805	$8,169
COGS	16,727	22,015	5,137
Gross Profit	7,999	5,790	3,032
SG&A Expenses	4,513	2,807	1,764
Net Income	4,339	(385)	387
Balance Sheet (partial)
	DuPont	Dow	PPG
Cash & Market Securities	$5,763	$220	$108
Receivables, net	3,903	5,098	1,416
Inventories	4,215	4,440	904
Total Current Assets	14,801	10,308	2,703
Fixed Assets, net	13,287	13,579	2,752
Total Assets	40,319	35,515	8,452
Total Current Liabilities	8,067	8,125	1,955
Total Liabilities	25,867	25,522	5,372
Total Equity	14,452	9,993	3,080
The following additional information is provided for fiscal year 2000 (in millions):
	DuPont	Dow	PPG
Inventory	$4,658	$3,463	$1,121
Receivables, net	4,552	5,385	1,563
Working Capital	2,401	1,387	550
Fixed Assets, net	13,287	13,579	2,752
Total Assets	39,426	27,645	9,125
Total Equity	13,299	9,686	3,097

Above is the Summary income statements and balance sheets are presented Above, for the three largest companies in the chemical industry for fiscal year 2001 (in millions). For additional information, their Web sites (and ticker symbols) are www.dupont.com (DD), www.dow.com (DOW), and www.ppg.com (PPG).

Question 1. Given the information presented on Sheet 1, calculate the solvency ratios for the three chemical companies. Show calculations following the table.

	DuPont	Dow	PPG
Liabilities to Equity

Question 2. Given the information presented on Sheet 1, calculate the DuPont Model for the three chemical companies for fiscal year 2001. Show calculations following the table. Assume all three companies had the same total common equity as total equity.

	DuPont	Dow	PPG
Profit Margin (PM)
Asset Turnover (AT)
Return on Assets (ROA)
Financial Leverage (FL)
Return on Equity (ROE)