Question: Associated Industries Select Balance Sheet Data Year Year 2016 2017 Total Assets $270,000 $316,402 Total Equity $94,500 $103,822 Associated Industries Year Year Change 2016 2017
| Associated Industries |
|
| |
| Select Balance Sheet Data |
|
| |
|
|
| Year | Year |
|
|
| 2016 | 2017 |
| Total Assets |
| $270,000 | $316,402 |
| Total Equity |
| $94,500 | $103,822 |
| Associated Industries | Year | Year | Change | |
|
|
| 2016 | 2017 |
|
| Return on Assets | 4.30% | 2.95% | 1.35% | |
| Return on Equity | 12.28% | 8.89% | 3.30% | |
1. What happened to Return on Assets and what are the drivers in the change between 2016 and 2017?
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