My question is about the return on common equity, I think I did it wrong. Other than that i think should be fine!

Back to Assignment Attempts:Do No Harme 19 Do No Harm: 19 5. Profitability ratios Profitability ratios help in the analysis of the combined impact of liquidity ratios, asset management ratios, and debt management ratios on the operating performance of a firm. Your boss has asked you to calculate the profitability ratios of Sixty-Second Avenue Inc. and make comments on its second-year performance as compared to its first-year performance The following shows Sixty-Second Avenue Inc.'s income statement for the last two years. The company had assets of $5,875 million in the first year and $9,398 million in the second year. Common equity was (qual to $3,125 million in the first year, 100% of earnings were paid out as dividends in the first year, and the the second year. firm did not issue new stock in Sixty-Second Avenue Inc. For the Year Ending on December 31 (Millions of dollars) Year 2 Year 1 3,175 2,500 1,610 1,495 100 Net Sales Operating costs except depreciation and amortization Depreclation and amortization 159 Search the web and Windows