Question: Selected information for Teck Resources Limited for the most recent three years is as follows: Instructions (a) What was the main driver of the company's

Selected information for Teck Resources Limited for the most recent three years is as follows:
Selected information for Teck Resources Limited for the most recent

Instructions
(a) What was the main driver of the company's return on assets over the last three years? Explain.
(b) What was the main driver of the company's return on common shareholders' equity over the last three years? Explain.

2010 2009 2008 Return on common shareholders' equity Return on assets Debt to total assets Asset turnover Profit margin 12.9% 8.0% 23.7% 0.3 times 21.1% 13.8% 75% 35.5% 0.3 times 23.7% 73% 3.8% 53.9% 0.2 times 11 .096

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