Selected Balance Sheet and Income Statement Information for Peter Gilgen

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The Answer is ROE = Net income / Average stockholders' equity
2014: $26,803 / $104,538 = 25.6%
2015: $24,208 / $109,440 = 22.1%
2016: $22,000 / $112,036 = 19.6%
ROA = Earnings without interest (EWI) / Average total assets
2014: $27,159 / $233,006 = 11.7%
2015: $25,153 / $236,526 = 10.6%
2016: $22,875 / $240,598 = 9.5%
Return on financial leverage = ROE ‒ ROA
2014: 25.6% - 11.7% = 13.9%
2015: 22.1% - 10.6% = 11.5%
2016: 19.6% - 9.5% = 10.1%
Peter Gilgen & Co.'s ROE has decreased over the period, due both in part from a decrease in ROA and a decrease in ROFL.

Selected Balance Sheet and Income Statement Information for Peter Gilgen

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Selected Balance Sheet and Income Statement Information for Peter Gilgen

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