DuPont analysis is a framework for analyzing fundamental performance originally popularized by the DuPont Corporation, now widely used to compare the operational efficiency over different time period.

Emily uses DuPont analysis to examine the change in ROE from 2016 to 2017. She finds one component that did NOT cause ROE to increase. Emily uses ending values, not averages, for assets in her computations. (2 pts)

	2017	2016
Sales	2,745	1,426
NI	124	61
Assets	2,602	1,328
Equity	1,113	825