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POLA Corporation's 2018 financial statements reported the following information, with 2017 figures shown for comparison (adapted, and in millions): (Click the icon to view the
POLA Corporation's 2018 financial statements reported the following information, with 2017 figures shown for comparison (adapted, and in millions): (Click the icon to view the data.) Use the DuPont model to compute POLA's return on assets and return on common equity for 2018. Evaluate the rates of return as strong or weak. What additional information would be helpful in making this decision? ( is the symbol for the Japanese yen.) . ! , . 70 , ./.) Net profit margin ratio Asset turnover ROA 1.6 % 0.759 1.2 % Calculate the rate of return on common stockholders' equity (ROE). Select the DuPont model formula needed and then enter the amounts to calculate ROE for 2018. (Ignore Interest Expense in the ROA calculation. Round intermediary dollar amounts to the nearest whole dollar. Enter percentages to one decimal place, X.X% and other component ratios to three decimal places, X.XXX.) Net profit margin x Leverage ratio ROE 1.6 % % 2018 2017 Balance Sheet \ 10,604 9,500 Total assets Total liabilities 7,404 3,200 6,634 2,866 Total stockholders' equity (all common) \ 10,604 9,500 Total liabilities and stockholders' equity Income Statement Net sales revenue 7,634 Operating expense 7,284 Interest expense 34 192 [Other expense 124 Net income +
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