The management of the company would like to calculate the ratios and carry out decomposing analysis.

Discussion Question 
1. Using above data, calculate ratios relevant for the evaluation by shareholders and managerial team.
2. Carry out decomposing analysis of ROIC, ROCE and ROE and comment on the changes in the performance across the years.

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DECOMPOSING ANALYSIS OF TATA MOTORS LTD Some facts extracted from annual report of Tata Motors Ltd are presented below: A. Financial Results (i) Gross Revenue (ii) Net Revenue (excluding exercise duty) (iii) Total expenditure (iv) Operating profit (v) Other income (vi) Profit before interest, depreciation and tax (vii) Interest and finance charges Particulars (viii) Cash Profit (ix) Depreciation and amortization (x) Profit before tax and exceptional items (xi) Exceptional items (xii) Profit before tax (xiii) Tax expenses (xiv) Profit after tax B. Appropriations Debenture redemption reserve General reserve (c) Other reserves (d) Dividend Total Assets Total Liabilities including current liabilities and owner's equity Miscellaneous Assets Shareholders' Net worth Current Liabilities 2009-10 38,364.10 35593.05 31414.77 4,178.28 1,853.45 6,031.73 1,103.84 4,927.89 1,177.90 3,749.99 920.45 2,829.54 589.46 2,240.08 500.00 500.00 991.94 50,472.61 50472.61 14,965.47 17,372.59 (in crore) 2008-09 28,568.21 25,629.73 23,877.29 1,752.44 925.97 2,678.41 673.68 2,004.73 925.71 1,079.02 65.26 1,013.76 12.50 1,001.26 267.80 100.13 345.70 37,102.56 37,102.56 2.02 12,230.15 10,676.92