Question: Below is selected information for the years ended December 3 1 , 2 0 2 4 and December 3 1 , 2 0 2 3

Below is selected information for the years ended December 31,2024 and December 31,2023($ thousands). Selected Selected Dec. 312024 Dec. 312023 Information Information Noncash assets ? Cash inflow from investing activities $ 39,400 Cash 215,300 $ 115,669 Total liabilities 346,771237,308 Revenue 1,595,536 Total stockholders equity 615,494458,400 Cash inflow from operating activities 184,133 Cash outflow from financing activities (5,582) Total assets 962,265695,708 Cost of goods sold 987,546 Total expenses other than cost of goods sold and income tax expense 343,989 Income tax expense 43,676 Required 1. Prepare the income statement for the year ended December 31,2024.2. Prepare the balance sheet as of December 31,2024.3. Compute ROA for 2024.4. Calculate the DuPont Decomposition for the ROA for 2024.5. Compute ROE for 2024.6. Calculate the DuPont Decomposition for the ROE for 2024.7. Explain why ROA is different than ROE.

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