Computing, Analyzing, and Interpreting Return on Equity and Return on Assets Following are the summary financial statement data for Kimberly-Clark for 2010-2012.

"Kimberly-Clark Corporation (KMB) ($ millions)

2012 2011 2010"

Sales $21,063 $20,846 $19,746

Net income 1,750 1,591 1,843

Total assets 19,875 19,373 19,864

Equity 4,985 5,249 5,917

Required Compute the return on assets and return on equity for 2011 and 2012 (use average assets and average equity), together with the components of ROA (profit margin and asset turnover). What trends do we observe? Which component appears to be driving the change in ROA over this time period? KMB repurchased a large amount of its common shares in recent years at the cost of almost $4.9 billion. How did this repurchase affect its return on equity?