Find the following: 1. ROE in 2008, 2009, 2010. 2. Net profit margin in 2008, 2009, 2010. 3. TA turnover in 2008, 2009, 2010. 4. Equity multiplier in 2008, 2009, 2010. 5. Comment on the time trend of ROE. ROE is going down because the profit margin is going down. ROE is going down because total asset turnover is going down. ROE is going down because the equity multiplier is going down. ROE is going up because the equity multiplier is going up.

The following Income Statements and Balance Sheets are for Smolira, Inc. from 2008 to 2010