Computing Return on Equity and Return on Assets The following table contains financial statement information for Walmart Inc. $ millions Total Assets Net Income Sales Equity 2018 $230,260 $7,470 $459,296 $76,121 2017 214,748 11,045 446,185 81,762 2016 208,766 15,280 433,185 81,688 a. Compute return on equity (ROE) for the two recent years. b. Compute return on assets (ROA) for the two recent years. c. Compute profit margin (PM) for the two recent years. d. Compute asset turnover (AT) for the two recent years. Round ROE, ROA and PM to one decimal place (example: 0.2345 = 23.5%). Round AT to two decimal places (example: 1.35). 2018 2017 ROE Answer 9.8 Answer 13.5 ROA Answer 3.3 Answer 5.1 PM Answer 1.6 Answer 2.5 AT Answer 1.99 Answer 0 e. Which of the following best explains the change in ROA during 2018? The companys profitability weakened considerably. The companys asset productivity weakened considerably. The company had higher sales in 2018. The company had higher assets 2018.