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This exercise is built around Whole Foods Markets financial statements from the chapter. Average common shareholders equity for 2012 was $3.397 billion, and a 40% income tax rate should be used as needed.

Required:

Whole Foods earned an ROA of 9.7% in 2012. What was ROCE that year? (Round your answer to 1 decimal place.)

ROA at the company fell to 9.4% in 2015. What was ROCE that year? (Round your answer to 1 decimal place.)

Did financial leverage help or hurt Whole Foods Market in 2015?

please show me the calculation! ty.. I updated the question with exhibits

EXHIBIT 5.1 Whole Foods Market Comparative Income Statements $ In mllons) Sales Cost of goods sold and occupancy cost 2015 2014 2013 2012 Gross profit Selling, general and administrative expenses Pre-opening expenses Relocation, store closure and lease termination costs $15,389 $14,194 $12,917 $11,699 9,973 9,150 8,288 7,543 5,416 5,044 4,629 4,156 4,4724,032 3,682 3,355 47 10 744 52 12 883 67 16 861 17 878 342 $ 536 67 934 12 946 367 579 Operating income Investment and other income, net of interest expense 752 286 551 $ 466 894 343 Income before income taxes Provision for income taxes Net income