$ 17,055 $ 235 8,475 80,000 37,000 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 32,307 38,027 Dividends paid ...... Net sales: Current year Preceding year Net income: Current year Preceding year Operating income: Current year 6,488 2,001 23,475 14,037 10,054 1. Use DuPont Analysis to calculate Lawrence'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? Lawrence Company included the following items in its financial statements for 2018, the current year (amounts in millions): (Click the icon to view the financial statement items.) Read the fequirements Requirement 1. Use DuPont Analysis to calculate Lawrence's return on assets and return on common equity during 2018 (the current year). The company has no preferred stock outstanding. Start by calculating the rate of return on total assets (ROA). Select the DuPont model formula needed and then enter the amounts to calculate ROA for 2018. (Dividends paid are not preferred. Round percentages to one decimal place, X.X% and other component ratios to three decimal places, X.XXX.) ROA % %