United Parcel Service, Inc., is the world's largest package delivery company. Condensed income statement information for three recent comparative years is as follows:

The average total assets of United Parcel Service, Inc., for comparative years were as follows:

1. Prepare comparative income statements with vertical analysis for all three years. Round to one decimal place.
2. Calculate the DuPont formula for the three comparative years. Round to one decimal place.
3. Analyze the company's performance trend for the three comparative years, using the information in parts (1) and(2).

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United Parcel Service, Inc Comparative Income Statements For the Years Ended December 31, 2004, 2003, 2002 (in millions) 2004 536,582 2003 %33,485 $20,916 $19,328 $17,940 $29,040 2002 Revenues Operating expenses: $31,272 Compensation and benefits Other 10,677 31,593 $ 4,989 (67) 4,922 1,589 3,333 9,712 Operating profit Other income (expense) Income before income taxes Income taxes Net income 9,236 27,176 4,445 4,096 (75)913 5,009 1,755 3,254 4,370 1,472 2,898 2004 2003 2002 Average total assets 562,760 $56,091 $50,993