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In 2 0 2 2 , your small start - up company had sales of $ 6 0 , 0 0 0 , expenses of

In 2022, your small start-up company had sales of $60,000, expenses of $50,000, net income of $10,000, assets of $300,000 and liabilities of $200,000. In 2023, your company grew significantly and had sales of $900,000, expenses of $550,000, net income of $350,000, assets of $4.9 million and liabilities of $3.8 million.
For comparison sake, you have observed the financial characteristics of your direct competitor over the same period of time. In 2022, your competitor had sales of $2 million, expenses of $800,000, net income of $1.2 million, assets of $8 million and liabilities of $4 million. In 2023, your competitor had sales of $1.8 million, expenses of $700,000 net income of $1.1 million, assets of $7.8 million, and liabilities of $3.8 million.
Perform a DuPont analysis and answer the following questions:
a) How has your company changed from 2022 to 2023?
b) How has your competitor changed from 2022 to 2023?
c) How does your company compare to your competitor?
d) What should you be concerned about at your company? What changes should you consider?
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