Use the following ratio information for Johnson International and the industry averages for Johnson's line of business to:

Johnson 2013 2014 2015 Financial Leverage Multipler 1.74 1.74 1.84 Net Profit Margin 0.061 0.060 0.051 Total Asset Turnover 2.12 2.19 2.35

Industry Average 2013 2014 2015 Financiial Leverage Multipler 1.65 1.67 1.62 Net Profit Margin 0.055 0.048 0.042 Total Asset Turnover 2.07 2.15 2.17

a. Construct the DuPont system of analysis for both Johnson and the industry.

b. Evaluate Johnson (and the industry) over the 3-year period.

c. Indicate in which areas Johnson requires further analysis. Why?