As a new intern for the local branch office of a national brokerage firm, you are excited to get an assignment that allows you to use your accounting expertise. Your supervisor provides you with the spreadsheet below, which contains data for the most recent quarter for three companies that the firm has been recommending to its clients as "buys." Each of the companies' returns on assets has outperformed their industry cohorts in the past. But, given recent challenges in their markets, there is concern that the companies may experience operating challenges and lower earnings. (All numbers in millions, except return on assets.) Book Value Fair Value of Carrying (Net Assets Including Company Value of Goodwill Return on Company Goodwill) Assets Sprint Nextel $36,441 $51,381 $30,558 3.6% Washington Mutual 11,752 23,941 9,022 2.3% E* Trade Financial 1,650 4,074 2,010 5.0%