Return on Equity For ROE, we calculated 23.3% by dividing Gasparro's LTM 9/30/2012 adjusted net income of $387.5 million (as calculated in Exhibit 1.47) by its average shareholders' equity balance for the periods ending 12/31/2011 and 9/30/2012 (($1,600 million $1,725 million) / 2). Return on Assets For ROA, we calculated 7.9% by dividing Gasparro's LTM 9/30/2012 adjusted net income of $387.5 million by its average total assets for the periods ending 12/31/2011 and 9/30/2012 (($4,825 million $5,000 million) / 2). Dividend Yield To calculate dividend yield, we annualized Gasparro's dividend payment of $0.25 per share for the most recent quarter (see Exhibit 1.41), which implied an annual dividend payment of $1.00 per share. We checked recent press releases to ensure there were no changes in dividend policy after the filing of the 10-Q. The implied annualized dividend payment of $1.00 per share was then divided by Gasparro's current share price of $50.00 to calculate an implied annual dividend yield of 2%