For fiscal year 2018, Tesco had total revenues of $485.65 billion, net income of $16.36 billion, total
Question:
For fiscal year 2018, Tesco had total revenues of $485.65 billion, net income of $16.36 billion, total assets of $203.49 billion, and total shareholder’s equity of $81.39 billion.
a. Calculate Tesco’s ROE directly, using the DuPont Identity.
b. Comparing with the data for Aeon in Problem 41, use the DuPont Identity to understand the difference between the two firms’ ROEs.
AppendixLO1
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Related Book For
Corporate Finance The Core
ISBN: 9781292431611
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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