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	$285,084	$8,271	$561,362	$94,245
2017	265,879	12,229	545,337	101,230
2016	258,473	16,917	529,449	101,137

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	Answer
ROA	Answer	Answer
PM	Answer	Answer
AT	Answer	Answer