2. Selected financial statement data from FOX Inc., for Years 6 and 10 are reproduced below ($ millions): Year 6 Year 10 Income Statement Data Revenues $500 $900 Operating income. 30 60 Interest expense.. 8 0 Pretax income 22 60 Income taxes.. 8 21 Net income..... 14 39 Balance Sheet Data Long-term operating assets. $ 52 $ 63 Working capital.... 123 157 Total liabilities 0 Total shareholders' equity 125 220 Required: a. Calculate return on common equity and disaggregate ROCE for Years 6 and 10 using end-of-year values for computations requiring an average (assume fixed assets and working capital are operating and a 35% tax rate). b. Comment on FOX's use of financial leverage. RE 50