An analyst examining Royal Dutch Shell PLC (Amsterdam and London SEs: RDSA) wishes to understand the factors

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An analyst examining Royal Dutch Shell PLC (Amsterdam and London SEs: RDSA) wishes to understand the factors driving the trend in ROE over a recent four-year period.

The analyst obtains and calculates the following data from Shell’s annual reports:

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What might the analyst conclude?

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International Financial Statement Analysis CFA Institute Investment Series

ISBN: 9780470287668

1st Edition

Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie

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