Presented below are summary financial data from the Coca-Cola Enterprises, Inc. annual report:

Amounts in thousands	Year 2	Year 3
Balance sheet
Total assets	$1,364,467	$1,291,799
Shareholders equity	93,953	120,504
Income statement
Net sales	1,431,005	1,435,999
Net income	23,243	19,856

A. Use the ROE model framework to assess Coca-Colas profitability for both years.

B. Comment on the trends revealed by your analysis in Part A.

C. What is the purpose of unlevering such ratios as the ROA and ROS?