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P13-11B The following financial information (in millions) is for two major corporations for three fiscal year ssets nent. ended December 31: 2013 2012 2014 Husky

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P13-11B The following financial information (in millions) is for two major corporations for three fiscal year ssets nent. ended December 31: 2013 2012 2014 Husky Energy Inc. $ 1,829 $ 2,022 Profit Shareholders' equity Total assets $1,258 20,078 36,904 20,575 38,848 19,161 35,161 Suncor Energy Inc. Profit Shareholders' equity Total assets $ 2,699 41,603 79,671 $ 3,911 $2,740 39,215 41,180 78,315 76,401 Instructions (a) Calculate return on assets and return on equity for each company for 2014 and 2013. Comment on whether their ratios have improved or deteriorated. (b) Compare Husky's ratios with Suncor's (c) The five-year industry average for return on equity is 14.06%. Compare the two companies' performance with the industry average. TAKING T CunTIEn

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