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For this assignment, read the IBM Case Update (click link to access reading). Use the financial statement to:
• decompose IBM's ROE and discuss the factors (and trends) that contribute to Big Blue's profitability.
• evaluate IBM's revenue growth, receivables, and gross margins over the period (be sure to control for seasonality in your evaluation).
• evaluate IBM's earnings per Share (basic), and identify the factors most responsible for the increase in IBM's earnings.
Write your analysis on a Word document, and submit it using the open button by the last day of Week 4.
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