Rogers Communications is a major telecommunications company in Canada. Rogers€™ balance sheet disclosed the following information:

Rogers€™ total assets for 2008 were $17,082 million. The return on assets ratio for the telecommunications industry averages ˆ’1.867%.
a. Determine Rogers€™ return on assets ratio for 2010 and 2009. Round to two decimal places.
b. Has Rogers€™ return on assets ratio improved since 2009? Is it using its assets more or less efficiently than other telecommunications companies?

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Dec. 31, 2010 (in millions) $ 1.528 17,330 Dec. 31, 2009 in millions) 1,878 17,018 Net income Total assets