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Computing, Analyzing, and Interpreting Return on Equity and Return on Assets Following are summary financial statement data for Logitech International for 2016 through 2018. $

Computing, Analyzing, and Interpreting Return on Equity and Return on Assets Following are summary financial statement data for Logitech International for 2016 through 2018. $ thousands 2018 Sales Net income 2017 2016 $2,823,549 $2,443,570 $2,219,910 250,250 247,051 143,180 Total assets 2,266,104 1,948,280 1,721,391 Equity 1,155,613 941,722 835,943 a. Compute the return on assets (ROA) for 2018 and 2017. Round answers to one decimal place (ex: 0.2345 = 23.5%). 2018 2017 96 b. Compute the profit margin (PM) for 2018 and 2017. Round answers to one decimal place (ex: 0.2345 = 23.5%). 2018 2017 96 96 c. Compute the asset turnover (AT) for 2018 and 2017. Round answers to two decimal places. 2018 2017 b. Compute the profit margin (PM) for 2018 and 2017. Round answers to one decimal place (ex: 0.2345 = 23.5%). 2018 2017 96 96 c. Compute the asset turnover (AT) for 2018 and 2017. Round answers to two decimal places. 2018 2017 d. Which component of ROA (profit margin or asset turnover or both) drives the change in ROA in 2018? e. Compute the return on equity (ROE) for 2018 and 2017. Round answers to one decimal place (ex: 0.2345 = 23.5%). 2018 96 2017 96 f. Logitech repurchased common shares in 2018 at a cost of $30 million. Did this repurchase increase or decrease the company's ROE

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