Part B drop downs are a) higher or b) lower

For fiscal year 2018, Wal-Mart Stores, Inc. (WMT) had total revenues of $500.34 billion, net income of $9.86 billion, total assets of $204.52 billion, and total shareholders' equity of $77.87 billion. a. Calculate Walmart's ROE directly, and using the DuPont Identity. b. Comparing with the data for Costco , use the DuPont Identity to understand the difference between the two firms' ROES. a. The ROE calculated directly is %. (Round to two decimal places.) The ROE calculated using the Dupont Identity is %. (Round to two decimal places.) b. Wal-Mart has a superior profit margin, but a asset turnover and a equity multiplier (which could represent less leverage). Despite the profit margin, it has a ROE that is driven by it's Vasset turnover and leverage. Data Table For fiscal year 2017, Costco Wholesale Corporation (COST) had a net profit margin of 2.08%, asset turnover of 3.55, and a book equity multiplier of 3.37. Costco's ROE (DuPont) is 24.88%. Print Done