13 Introduction to Corporations major corporations for three f fiscal years -I1A The following financial information (in millions) is for two ended December 31 as follows: assets ment. 2013 2012 2014 Canadian Pacific Railway Limited Profit Shareholders' equity Total assets 1,476 5,610 $ 875 7,097 17,060 $ 484 5,097 14,727 16,640 Canadian National Railway Company Profit Shareholders' equity Total assets 3,167 13,470 31,792 s 2,612 12,953 30,163 s 2,680 11,018 26,659 Instructions (a) Calculate return on assets and return on equity for each company for 2014 and 2013. Comment on whether their ratios have improved or deteriorated. (b) Compare Canadian Pacific's ratios with Canadian Nationals. (c) The five-year industry average for return on equity is 11.14%. Compare the two companies' performance with the industry average