10. The following table contains financial statement information for Izzy Corporation.

($ millions)

2016 ................................ 2017 ................................

Total Assets

$105,000 $125,000

Net Income

$10,000 $11,000

Sales

$95,000 $100,000

Equity

$30,000 $31,000

Compute the return on equity (ROE) and return on assets (ROA) for 2017.

1. 25.5% ROE, 10.0% ROA
2. 31.9% ROE, 11.2% ROA
3. 36.1% ROE, 9.6% ROA
4. 37.2% ROE, 13.1% ROA