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Based on the following 10-k: (https://www.sec.gov/ix?doc=/Archives/edgar/data/93556/000009355620000006/swk10k2019.htm). Answer the following question: For 2019, calculate ROCE (return on common equity). Is there any important difference with respect

Based on the following 10-k:

(https://www.sec.gov/ix?doc=/Archives/edgar/data/93556/000009355620000006/swk10k2019.htm). Answer the following question:

For 2019, calculate ROCE (return on common equity). Is there any important difference with respect to ROE for the same year? Please explain. (Hint: assume that preferred equity does not grant any preference to its holders to receive dividends).

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