Question: Question 1 Selected financial statement data from Texas Telecom, Inc., for Years 5 and 9 are reproduced below ($ millions): Year 5 Year 9 Income

Question 1 Selected financial statement data from Texas Telecom, Inc., for

Question 1 Selected financial statement data from Texas Telecom, Inc., for Years 5 and 9 are reproduced below ($ millions): Year 5 Year 9 Income Statement Data Revenues. Operating income.. Interest expense. Pretax income Income taxes Net income. $542 35 7 28 14 14 $979 68 0 68 34 34 Required: 1. Balance Sheet Data Long-term operating assets.. Working capital Total liabilities.. Total shareholders' equity $ 52 123 50 125 $ 63 157 0 220 Calculate ROE and disaggregate using DuPont analysis for year 5 and 9. Assume the balance sheet numbers are averages. II. Comment on the individual components disaggregated

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