Question # 2 Use above given data and DuPont frame analysis suppose that firm has given income statement. Sales COGS Other expenses profit 2003 500000 300000 25000 175000 2004 600000 250000 35000 215000 Requirement: Calculate ROE for the year of 2003 and 2004 Evaluate the Operating performance of the company during these two years and use DuPont analysis to evaluate why company has not performed in a better way during 2003. Balance Sheets December 31, 2004 and 2003 2004 2003 2004 2003 12,597 5,003 2.315 3,000 22,915 $ 8,173 3,517 3,750 3,000 18,440 Liabilities Current liabilities: Note payable... Accounts payable.. Accrued wages. Taxes payable Total current liabilities Long-term debt 4,200 $ 375 1.579 5.386 11,540 4.752 15 1,149 4.722 10,638 Assets Current assets Cash.... Short-term investments Accounts receivable Prepaid Rent... Total current assets. Property, plant and equipment Land and building Machinery and equipment Less accumulated depreciation Property and equipment, net..... Long-term investments Other assets Total assets 50.000 20.000 65,553 5.000 70,563 28,369 3511 31,880 Owner's Equity Tata 27.789 20.159 1 of 1 89,329 $ 50,797