Compute, Disaggregate, and Interpret ROE Selected fiscal year balance sheet and income statement information for the computer chip maker, Intel Corporation, follows ($ millions). Balance sheet Information ($ millions) Total assets Total shareholders' equity 2017 2015 2016 $123,249 $113,327 $101,459 61,085 2015 69,019 66,226 Income statement information ($ millions) 2017 2016 Sales revenue Interest expense Net income $62,761 $59,387 $55,355 637 725 345 9,601 10,316 11,420 a. Calculate Intel's return on equity (ROE) for fiscal years 2017 and 2016. Round answers to one decimal place (i.e., 0.2568 = 25.7%). Do not round until your final answer. 2017 2016 14.2% 16.2% b. Calculate Intel's return on assets (ROA) and return on financial leverage (ROFL) for each year. Use an incremental tax rate of 35%. Round answers to one decimal place (i.e., 0.2568 = 25.7%). Do not round until your final answer. 2017 2016 ROA 8.5% 10% ROFL 5.7 % 6.2% c. Use the DuPont formulation in the Business Insight on page 230 to analyze the variations in Intel's ROE over this period. Calculate net profit margin, asset turnover, and financial leverage. Do not round until your final answer. Round answers to one decimal place (i.e., 0.2568 = 25.7%). NPM AT FL 2017 2016 16 % * 18% * 0.6 1.6 44.3 x Check