Use the the data shown in below to answer the following questions toCompute a recent five-year average of the following ratios of three companies

a. Retention rate

b. Net profit margin

c. Equity turnover

d. Total asset turnover

e. Total assets/equity

Based on these ratios, explain which firm should have the highest growth rate of earnings.

ACER

TW$ Millions FY2005 FY2006 FY2007 FY2008 FY2009

Revenue 318,088 350,816 462,066 546,274 573,983

Gross profit 34,121 38,171 47,418 57,286 58,328

Net income 8,478 10,218 12,959 11,742 11,353

LENOVO

US$ Millions FY2005 FY2006 FY2007 FY2008 FY2009

Revenue 13,276 14,590 16,352 14,901 16,605

Gross profit 1,858 2,037 2,450 1,834 1,790

Net income (Loss) 22 161 484 (226) 129

TOSHIBA

JP Millions FY2005 FY2006 FY2007 FY2008 FY2009

Revenue 6,343,506 7,116,350 7,665,332 6,654,518 6,381,599

Gross profit 1,683,711 1,804,171 1,908,729 1,288,431 1,459,362

Net income (Loss) 78,186 137,429 127,413 (343,559) (19,743)