Question: Computing Return on Equity and Return on Assets The following table contains financial statement information for Wal-Mart Stores, Inc. (a) Compute the return on equity
Computing Return on Equity and Return on Assets The following table contains financial statement information for Wal-Mart Stores, Inc. (a) Compute the return on equity (ROE) for 2012 and 2013. (Round your answers to one decimal place.) (b) Compute the return on assets (ROA) for 2012 and 2013. (Round your answers to one decimal place.)
| ($ millions) | Total Assets | Net Income | Sales | Equity |
|---|---|---|---|---|
| 2013 | $203,105 | $16,999 | $469,162 | $81,738 |
| 2012 | 193,406 | 15,699 | 446,950 | 75,761 |
| 2011 | 180,782 | 16,389 | 421,849 | 71,247 |
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