(Q1) Answer questions a, b , c :

a. Explain how cause-of-change analysis and common-size and trend

statements illuminate complex financial statement patterns and

shed light on business activities?

b. Explain how competitive forces and business strategies affect a

companys profitability and financial position?

c. How does return on assets (ROA) be used to analyze a companys

profitability, and what insights are gained from disaggregating

ROA into its profit margin and asset turnover components?