Requirements:

1. What is the ROE from 2016 to 2017?

2. What are the advantages ?

3. What are the disadvantages?

Annual Operating 12,954 2018-09 2017-09 2016-09 Income Statement Revenue 20,609 18,358 15,082 12,144 9,760 Income Net Income 10,301 6,699 5,991 Earnings - 4.42 2.8 2.48 Per Share Diluted Average 2,329 2,395 2,414 Shares Balance Sheet Current 18,216 19,023 14,313 Assets Non Current 51,009 48,954 49,722 Assets Total 69,225 67,977 64,035 Assets Current 11,305 Liabilities Total 35,219 35,217 31,123 Liabilities Stockholder 34.006 32,760 32,912 s' Equity Cash Flow Cash From 12,713 9,208 5,574 Operations Capital Expenditure -718 -707 -523 9,994 8,046 Free Cash 11,995 8,501 5,051 Flow