Question: Presented below is summary financial data from the Corporal Agarn Soda Enterprises, Inc. annual report: (I n thousands ) Year 2 Year 1 Balance sheet

Presented below

summary financial data from the

Corporal

Agarn Soda

Enterprises, Inc.

annual

report:

n thousands

)

Year

Balance sheet

Total assets

368,850

423,351

Shareholders' equity

72,902

62,372

Income statement

Net sales

419,760

416,463

Net income

10,428

12,622

Interest expense

834

1,009

Use the ROE model framework to assess

Corporal

Agarn Soda

's profitability for both years.

Comment on the trends revealed by your analysis in Part A.

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