Question: Exchange Rate Changes and Return on Assets Walmart Inc. has a subsidiary in the UK , Asda Stores., whose functional currency is the pound sterling

Exchange Rate Changes and Return on Assets
Walmart Inc. has a subsidiary in the UK, Asda Stores., whose functional currency is the pound sterling ().Assumed translated data for the subsidiary appear below.
Date or Annual PeriodTotal AssetsOperating
IncomeExchange
RateJanuary 1,2023$112,000,000--$1.40/2023 Average--$12,000,0001.20/December 31,202395,000,000--1.00/2024 Average--10,890,0000.90/December 31,202495,000,000--1.00/
Required
Calculate return on assets for 2023 and 2024 using both translated ($) and pounds sterling data.
Round answers to three decimal places.
$2023Answer 1Answer 22024Answer 3Answer 4

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