For simplicity use year end balances in your ratio computations 4 pts Ratio

For simplicity use year end balances in your ratio

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2014 and 2013. For simplicity, use year-end balances in your ratio computations. (4 pts) Ratio 2014 2013 ROE 23.31% 20.71% Profit Margin 10.32% 9.43% Asset Turnover 0.96 0.93 Financial Leverage 2.36 2.36 (b) Has the Company’s ROE increased or decreased in 2014? Which component(s) of the ROE decomposition support or contribute to that directional change in the Company’s ROE?
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