EXHIBIT $6\mathrm{.}1$ The Kroger Co$.$ The Kroger Co$.$

Liabilities and Shareholders' Equity

Current liabilities:

Long$-$term debt including obligations EXHIBIT $6\mathrm{.}14$ The Kroger Co$.$ This exercise is built around Kroger$$s financial statements from the chapter. Total shareholders' equity$$The Kroger Co$.$ was $$5,384$ million at February $1,2014.$ Refer to Exhibits $6\mathrm{.}1,6\mathrm{.}6$ and $6\mathrm{.}14$ from the chapter.

Required:

Kroger earned an ROA of $6\mathrm{.}9\%$ in fiscal $2014.$ What was ROCE that year? $($Round your answer to $1$ decimal place.$)$

ROA at the company fell to $3\mathrm{.}7\%$ in fiscal $2017($adjusted to eliminate the one$-$time effect on earnings of the Tax Cuts and Jobs Act$).$ What was ROCE that year $($also adjusted for the Tax Cuts and Jobs Act$)?($Round your answer to $1$ decimal place.$)$

Did financial leverage help or hurt Kroger in fiscal $2017?$