Please give full solutions to problems below. Answers are given.

12. In 2013 WFM had sales of $74 billion and a net income of $17 billion, and its year-end total assets were $121.31 billion. The firms total-debt-to-total-assets ratio (TD/TA) was 45.3% or 0.453. Based on the DuPont equation, what was WFMs ROE in 2013? Hint: (Total Equity + Total Debt) / Total Asset = 100% or 1, Equity multiplier = (TA/TE)

1. a. 22.97%
2. b. 8.67%2
3. c. 25.62% Correct Answer
4. d. 3.50%

13. WFM currently issued a bond which is approximately 25 years from today. It pays a coupon rate of 5.20% (For simplicity, assume the coupons are paid annually). The bond is currently selling for $1,153, based on face value of $1,000. Which of estimates of the yield to maturity to this instrument? (Closest number).

1. a. 6.00%
2. b. 5.20%
3. c. 4.20% Correct Answer
4. d. 3.50%