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hi I need help answering the following question question The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for
hi I need help answering the following question question The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021: Year ended 12/31/2021 Net sales $8,019 Cost of goods sold 4,837 Selling and administrative expense 1,979 Interest expense 486 Income before taxes 717 Net income 528 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/31/2021 $ 1,045 1,080 1,125 13,578 $16,820 12/31/2020 $ 71 734 589 3,914 $5,308 Total current liabilities Long-term debt Total liabilities Total stockholders' equity $ 5,817 5,561 $11,478 $ 5,342 $2,279 2,291 $4,570 $ 738 Required: Compute the return on assets for 2021. (Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%) Return on assets The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co for the year ending 12/31/2021 Year ended 12/31/2021 Net sales $8,039 Cost of goods sold 4,857 Selling and administrative expense 1,999 Interest expense 506 Income before taxes 677 Net Income 548 Cash and cash equivalents Receivables, net Inventories Land, buildings and equipment at cost, net Total assets 12/31/2021 5 1,065 1.100 1.145 13,590 $10,900 12/31/2020 $ 73 754 609 3.934 $5,370 Total current liabilities Long-term debt Total liabilities Total stockholders' equity $ 5,837 5.681 $11,510 $5,302 $2,299 21 54,610 $700 Required: Compute the return on equity for 2021. for Saratoga Springs Co. (Round your answer to 1 decimal place, e9.01234 as 12,3%.) Return on equity %
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