Wolastoq Corp. reported the following ratios for 2015 and 2014: (a) Is Wolastoq's profitability improving or deteriorating?

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Wolastoq Corp. reported the following ratios for 2015 and 2014:
Wolastoq Corp. reported the following ratios for 2015 and 2014:
(a)

(a) Is Wolastoq's profitability improving or deteriorating?
(b) What is the key reason driving the change in Wolastoq's return on common shareholders' equity in 2015? Explain.

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Related Book For  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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