Ratio Analysis: Return on Equity

RETURN ON EQUITY is a performance measure that incorporates profitability, efficiency, and financial leverage. It is the ratio of net income to total equity. It calculates the average profit that a company generates with each dollar of equity. It can be calculated by multiplying profit margin, asset turnover, and the asset to equity ratio.

Return $on$ Equity $=\frac{\text{N}\text{e}\text{t}\text{I}\text{n}\text{c}\text{o}\text{m}\text{e}}{\text{E}\text{q}\text{u}\text{i}\text{t}\text{y}}=\frac{\text{N}\text{e}\text{t}\text{I}\text{n}\text{c}\text{o}\text{m}\text{e}}{\text{N}\text{e}\text{t}\text{S}\text{a}\text{l}\text{e}\text{s}}x\frac{\text{N}\text{e}\text{t}\text{S}\text{a}\text{l}\text{e}\text{s}}{\text{T}\text{o}\text{t}\text{a}\text{l}\text{A}\text{s}\text{s}\text{e}\text{t}\text{s}}x\frac{\text{T}\text{o}\text{t}\text{a}\text{l}\text{A}\text{s}\text{s}\text{e}\text{t}\text{s}}{\text{T}\text{o}\text{t}\text{a}\text{l}\text{E}\text{q}\text{u}\text{i}\text{t}\text{y}}$

For the corporations listed below, calculate the return on equity for the missing years. Record your answers in the space provided.

$\backslash$table$[[$Wal$-$Mart,$\frac{1}{31}\frac{?}{22},\frac{1}{31}\frac{?}{21},\frac{1}{31}\frac{?}{20}$