Slanina's Awesome Co. just released their financial results. This company sells propane and propane accessories. You are an analyst and you want to see how well they performed for their investors. You calculate some ratios and decide to compare them to previous years. Calculate ROE for each year (3 points) and describe what is going on with this company based on these ratios. (3 points) Tax Burden Net Income/EBT Interest Burden = EBT/EBIT EBIT Margin EBIT/Revenues Asset Turnover = Revenues/Average Total Assets Leverage Average Total Assets/Average Shareholder Equity 2012 68.30%54.70% 65.40%63.20% 2014 2013 2011 Tax Burden Interest 96.50% 92.70%90.20% Burden 88.50% EBIT Margin Asset 12% 14.30% 12.70% 16.20% 1.4 Turnover Leverage 1.2 1.2 1.3 1.9 2.1 2.2 2.4 ROE ?? B