The following table provides a historical summary of key financial ratios for Somy Corporation.
|Return on Equity||10.8%||-3.1%||-1.4%|
|Return on Assets||3.0%||-0.8%||-0.3%|
|Cost of Sales to Sales||75.6%||78.5%||74.8%|
|Research and Development Expenses to Sales||6.3%||6.9%||6.6%|
|EBITDA to Sales*||10.2%||2.3%||5.6%|
|Debt to Total Assets Ratio||72.4%||75.3%||76.9%|
* EBITDA is earnings before interest, tax, and depreciation
- With reference to the appropriate ratios, analyse the trend in Somy’s profitability providing plausible reasons for any changes.
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