(Learning Objective 6: Evaluating profi tability) Lawrence Company included the following items in its fi nancial statements for 20X6, the current year (amounts in millions):

Requirement 1. Compute Lawrence’s earnings per share and return on ordinary equity during 20X6 (the current year). Lawrence has no preference shares outstanding. The weighted average ordinary shares outstanding were 500 million shares. Do the company’s rates of return look strong or weak? Give your reason.