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Nokia Corp. manufactures, markets, and sells phones and other electronics. Stockholders' equity for Nokia are 16,218 million in 2017 and 20,975 million in 2016. In
Nokia Corp. manufactures, markets, and sells phones and other electronics. Stockholders' equity for Nokia are 16,218 million in 2017 and 20,975 million in 2016. In 2017, Nokia reported a loss of (1,458) million on sales of 23,147 million.
a. What is Nokia's return on equity for 2017?
Round answer to one decimal place. Ex: 0.0345 = 3.5%. Use a negative sign with answer, if appropriate.
b. Nokia's total assets were 41,024 million at the end of 2017. Compute its debt-to-equity ratio. (Round answer to one decimal place.)
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