Question1: Use CVS financial information in 2017, 2018, and 2019 to answer this question.

1. Calculate profit margin, turnover rate, and leverage ratio for CVS in each year.

2. Calculate return of equity (ROE) and return on assets (ROA) in each year.

3. Did the ROE increase or decrease during these three years? What was the driving factor?

4. Provide a short explanation of the Dupont analysis.

Please respond if any further information is needed.

Thank you