Virginia Company included the following items in its financial statements for 2021, the current year (amounts in millions): 

Requirements

1. Use DuPont Analysis to calculate Virginia’s return on assets and return on common equity during 2021 (the current year). The company has no preferred stock outstanding.

2. Do the company’s rates of return look strong or weak? Give your reason.

3. What additional information do you need to make the decision in requirement 2?

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Payment of long-term debt........ Proceeds from issuance of common stock.. Total liabilities: Current year-end.... Preceding year-end. Total stockholders' equity: Current year-end.... Preceding year-end. Long-term liabilities. $ 17,045 8,475 32,313 38,029 23,471 14,045 6,665 Dividends paid................. Net sales: Current year. Preceding year................ Net income: Current year. Preceding year.... Operating income: Current year. Preceding year. $ 225 20,000 81,000 6,488 2,009 9,980 3,996