Compute the DuPont Disaggregation of ROE Refer to the balance sheets and income statement below for Facebook Inc.

FACEBOOK INC.
Consolidated Statement of Income
For Year Ended December 31, $ millions	2018
Revenue	$53,325
Costs and expenses
Cost of revenue	9,355
Research and development	10,273
Marketing and sales	7,846
General and administrative	3,451
Total costs and expenses	30,925
Income from operations	22,400
Interest and other income (expense), net	448
Income before provision for income taxes	22,848
Provision for income taxes	3,249
Net income	$19,599

FACEBOOK INC.
Consolidated Balance Sheet
At December 31, $ millions	2018	2017
Current assets
Cash and cash equivalents	$10,019	$8,079
Marketable securities	31,095	33,632
Accounts receivable, net	7,246	5,832
Prepaid expenses and other current assets	1,779	1,020
Total current assets	50,139	48,563
Property and equipment, net	24,683	13,721
Intangible assets, net	1,294	1,884
Goodwill	18,301	18,221
Other assets	$2,576	$2,135
Total assets	$96,993	$84,524
Current liabilities
Accounts payable	$820	$380
Partners payable	541	390
Accrued expenses and other current liabilities	5,509	2,892
Deferred revenue and deposits	147	98
Total current liabilities	7,017	3,760
Other liabilities	6,190	6,417
Total liabilities	13,207	10,177
Stockholders' equity
Common stock and additional paid-in capital	42,906	40,584
Accumulated other comprehensive loss	(760)	(227)
Retained earnings	41,640	33,990
Total stockholders' equity	83,786	74,347
Total liabilities and stockholders' equity	$96,993	$84,524

Required a. Compute return on equity (ROE). Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%). Answer% b. Apply the DuPont disaggregation into return on assets (ROA) and financial leverage. Note: For FL, round amount to three decimal places (for example, enter 6.776 for 6.77555). Note: For ROA and ROE, round percentages to one decimal place (for example, enter 6.7% for 6.6555%).

ROA	x	FL	=	ROE
Answer	x	Answer	=	Answer

c. Calculate the profitability and productivity components of ROA. Note: For AT, round amount to three decimal places (for example, enter 6.776 for 6.77555). Note: For PM and ROA, round percentages to one decimal place (for example, enter 6.7% for 6.6555%).

PM	x	AT	=	ROA
Answer	x	Answer	=	Answer

d. Confirm the full DuPont disaggregation: ROE = PM AT FL. Note: For AT and FL, round amounts to three decimal places (for example, enter 6.776 for 6.77555). Note: For PM and ROE, round percentages to one decimal place (for example, enter 6.7% for 6.6555%).

PM	x	AT	x	FL	=	ROE
Answer	x	Answer		Answer	=	Answer