Question
You have the following information for GBA holding limited for the year 2019 and 2020 (all figures are in $ million): 2019 2020 Net Income
You have the following information for GBA holding limited for the year 2019 and 2020 (all figures are in $ million):
2019 2020
Net Income $250.0 $235.0
Pretax Income 420.0 375.0
EBIT 510.0 400.0
Average Assets 4858 3459
Sales 6688 4550
Shareholders equity 2233 2347
Using above data to analyze GBAs quality of earning by using Du Pont system. Determine ROEs and ROAs for GBA and discuss the trend of these ratios.
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
