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Consolidated Statements of Earnings - USD ($) $ in Millions 12-31-2022 % of 12-31-2021 % of 12-31-2020 Current Earnings Net sales $ 96,250 100.00% $

Consolidated Statements of Earnings - USD ($) $ in Millions
12-31-2022 % of 12-31-2021 % of 12-31-2020
Current Earnings
Net sales $ 96,250 100.00% $ 89,597 100.00% $ 72,148
Cost of sales 64,194 66.70% 60,025 66.99% 49,205
Gross margin 32,056 33.30% 29,572 33.01% 22,943
Expenses:
Selling, general and administrative 18,301 19.01% 18,526 20.68% 15,367
Depreciation and amortization 1,662 1.73% 1,399 1.56% 1,262
Operating income 12,093 12.56% 9,647 10.77% 6,314
Interest - net 885 0.92% 848 0.95% 691
Loss on extinguishment of debt 0 0.00% 1,060 1.18% 0
Pre-tax earnings 11,208 11.64% 7,739 8.64% 5,623
Income tax provision 2,766 2.87% 1,904 2.13% 1,342
Net earnings $ 8,442 8.77% $ 5,835 6.51% $ 4,281

Could you calculate the return on equity and the average equity with the above income statement below and balance sheet.

Consolidated Balance Sheets - USD ($) $ in Millions 12-31-2022 % of 12-31-2021 %of 12-31-2020
Current assets:
Cash and cash equivalents $ 1,133 2.54% $ 4,690 10.04% $ 716
Short-term investments $ 271 0.61% $ 506 1.08% 160
Merchandise inventory - net $ 17,605 39.44% $ 16,193 34.65% 13,179
Other current assets $ 1,051 2.35% $ 937 2.00% 1,263
Total current assets $ 20,060 44.94% $ 22,326 47.77% 15,318
Property, less accumulated depreciation $ 19,071 42.72% $ 19,155 40.99% 18,769
Operating lease right-of-use assets $ 4,108 9.20% $ 3,832 8.20% 3,891
Long-term investments $ 199 0.45% $ 200 0.43% 372
Deferred income taxes - net $ 164 0.37% $ 340 0.73% 216
Other assets $ 1,038 2.33% $ 882 1.89% 905
Total assets $ 44,640 100.00% $ 46,735 100.00% 39,471
Current liabilities:
Short -term brorrowings 0.00% 0.00% 1,941
Current maturities of long-term debt $ 868 1.94% $ 1,112 2.38% 597
Current operating lease liabilities $ 636 1.42% $ 541 1.16% 501
Accounts payable $ 11,354 25.43% $ 10,884 23.29% 7,659
Accrued compensation and employee benefits $ 1,561 3.50% $ 1,350 2.89% 684
Deferred revenue $ 1,914 4.29% $ 1,608 3.44% 1,219
Other current liabilities $ 3,335 7.47% $ 3,235 6.92% 2,581
Total current liabilities $ 19,668 44.06% $ 18,730 40.08% 15,182
Long-term debt, excluding current maturities $ 23,859 53.45% $ 20,668 44.22% 16,768
Noncurrent operating lease liabilities $ 4,021 9.01% $ 3,890 8.32% 3,943
Deferred revenue - Lowe's protection plans $ 1,127 2.52% $ 1,019 2.18% 894
Other liabilities $ 781 1.75% $ 991 2.12% 712
Total liabilities $ 49,456 110.79% $ 45,298 96.93% $ 37,499
Commitments and contingencies $ - 0.00% $ - 0.00% $ -
Shareholders' (deficit)/equity: $ - 0.00% $ - 0.00% $ -
Preferred stock - $5 par value: Authorized - 5.0 million shares; Issued and outstanding - none $ - 0.00% $ - 0.00%
Common stock - $0.50 par value: Authorized - 5.6 billion shares; Issued and outstanding - 670 million and 731 million, respectively 335 0.75% 366 0.78% 381
Capital in excess of par value 0 0.00% 90 0.19% 0
(Accumulated deficit)/retained earnings -5,115 -11.46% 1,117 2.39% 1,727
Accumulated other comprehensive loss -36 -0.08% -136 -0.29% (136)
Total shareholders' (deficit)/equity -4,816 -10.79% 1,437 3.07% 1,972

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