Toyama Corporations 2021 financial statements reported the following information, with 2020 figures shown for comparison (adapted, and

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Toyama Corporation’s 2021 financial statements reported the following information, with 2020 figures shown for comparison (adapted, and in millions):

Use the DuPont Model to calculate Toyama’s return on assets and return on common equity for 2021. Evaluate the rates of return as strong or weak. What additional information would be helpful in making this decision? (¥ is the symbol for the Japanese yen.)

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Financial Accounting

ISBN: 9780136899037

13th Edition

Authors: C. William Thomas, Wendy M Tietz

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