Lucas Industries Balance Sheets In millions (PART 2 FINANCIALS)

REQUIREMENTS: Complete a DuPont analysis for each of the three years. Discuss the firms performance with respect to profitability, asset management, and debt management over the three-year period.

2016 2017 2018

Assets Cash $47.5 $56.6 $47.0 Accounts receivable 97.3 88.5 110.8 Inventory 134.7 138.5 149.5 Other current assets 8.1 8.6 9.3 Current assets 287.6 292.2 316.6 Gross fixed assets 194.3 232.1 266.1 Accumulated depreciation (59.6) (91.5) (125.5) Net fixed assets 134.7 140.6 140.6 Total assets $422.3 $432.8 $457.2 Liabilities & Equity Accounts payable $39.8 $39.5 $48.3 Accruals 28.3 33.3 34.0 Notes payable 20.0 20.0 20.0 Current liabilities 88.1 92.8 102.3 Long-term debt 120.0 100.0 80.0 Common stock 110.0 110.0 110.0 Retained earnings 104.2 130.0 164.9 Total liabilities & equity $422.3 $432.8 $457.2