Virginia Company included the following items in its financial statements for 2018, the current year (amounts in millions):

Requirements

1. Use DuPont Analysis to calculate Virginia’s return on assets and return on common equity during 2018 (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 Dividends paid Net sales: Current year.. Preceding year... Net income: Current year. Preceding year.. Operating income: Current year. Preceding year. 225 8,475 20,000 81,000 32,313 38,029 6,488 2,009 23,471 9,980 3,996 14,045 6,665 .............