The following ratios were computed from the financial statements of INSEAD Incorporated:

Use the ROE model to analyze these ratios, and comment on the company€™s performance from 2015 to 2017.

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2015 2017 2016 Return on equity 0.28 0.25 0.22 Return on assets 0.15 0.18 0.20 Common equity leverage 0.90 0.85 0.88 Capital structure leverage 1.58 2.20 1.22 0.09 Profit margin 0.08 0.07 Asset turnover 1.67 2.25 2.85