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Joshua & White Technologies: December 31 Balance Sheets (Thousands of Dollars) Joshua & White Technologies December 31 Income Statements From 2018 to 2019 , the

image text in transcribedimage text in transcribedimage text in transcribed Joshua \& White Technologies: December 31 Balance Sheets (Thousands of Dollars) Joshua \& White Technologies December 31 Income Statements From 2018 to 2019 , the profit margin was 8.63 . In 2019 that increased making a huge change in the ROE. The goal is to have high ROE and they should focus on their asset turnover to improve this. e. Perform a common size analysis. What has happened to the composition (that is, percentage in each category) of assets and liabilities? The assets increased drastically,current liabilities and retained earnings increased as well. Common stock decreased Joshua \& White Technologies: December 31 Balance Sheets (Thousands of Dollars) Joshua \& White Technologies December 31 Income Statements From 2018 to 2019 , the profit margin was 8.63 . In 2019 that increased making a huge change in the ROE. The goal is to have high ROE and they should focus on their asset turnover to improve this. e. Perform a common size analysis. What has happened to the composition (that is, percentage in each category) of assets and liabilities? The assets increased drastically,current liabilities and retained earnings increased as well. Common stock decreased

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