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BOOM Corporation's 2021 financial statements reported the following items, with 2020 figures given for comparison (adapted and in millions, Y is the symbol for the
BOOM Corporation's 2021 financial statements reported the following items, with 2020 figures given for comparison (adapted and in millions, Y is the symbol for the Japanese yen): (Click the icon to view the financial statements.) Compute BOOM's return on assets and return on common equity for 2021. Evaluate the rates of return as strong or weak. What additional information would be helpful in making this decision? Compute BOOM's return on assets and return on common equity for 2021. Start by calculating the rate of return on assets (ROA). Select the formula needed, and then enter the amounts to compute ROA for 2021. (Enter amounts in millions as provided to you in the problem statement. Round amounts in the formula to the nearest whole million. Round the final answer to one decimal place, X.X%.) Compute the rate of return on common shareholders' equity (ROE). Select the formula needed, and then enter the amounts to compute ROE for 2021 . (Enter amounts in millions as provided to you in the problem statement. Round amounts in the formula to the nearest whole million. Round the final answer to one decimal place, X. X%.) Evaluate the rates of return as strong or weak. What additional information would be helpful in making this decision? BOOM's rate of return on total assets for 2021 is BOOM's rate of return on common shareholders' equity for 2021 is What additional information would be helpful in making this decision? (Leave unused cells blank.) Financial Statements
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