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reposting this because the help someone gave didnt comply with my book. i need help with my return on total assets. and the last person

reposting this because the help someone gave didnt comply with my book. i need help with my return on total assets. and the last person said my return on equity was wrong but i believe it to be correct. please help quickly. thanks so much
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Return on total assets = Net income + [Interest expense x (1 - Tax rate)] Average total assets Return on equity = Net income Average stockholders' equity Return on total assets -net income interest expense x{1-tax rate)\/average total assets) 2020 348 1- 2887 2539 +(89 23717 +311342 2 2021 5727 934 1 - 6661 37740 + 31342 +(262 x 2019 1- 4801 4029+ (49 x 23717 +22536 2 .65 Return on equity =net income/average stockholders equity 2020 2019 2021 37740+32342 = 5727/6 ) 16.58 G 1 2 3 NIKE, INC. Consolidated Statements of Income For years ended MAY 31, 2021, 2020, 2019, 2018(in millions, except per sahre data) 7 Revenues 8 Cost of Sales 9 Gross Profit 10 Demand creation expense 11 Operating overhead expense 12 Total selling and administrative expense 13 Interest expense (income), net 14 Other (income) expense, net 15 Income before tax expense 16 Income tax expense 17 Net Income 2021 44,538.00 24,576 $ 19,962 3114 9,911 13,025 262 14 6,661 934 5,727 Years ended 2020 2019 37403 39117 21,162 $ 21,643 $ 16,241 17 474 3592 3.753 9,534 8,949 13,126 12,702 89 49 139 (78) 2887 4,801 348 772 2,539 4,029 2018 36397 20,441 15956 3,577 7,934 11,511 54 66 4,325 2,392 1,933 18 G H NIKE, INC. 2018 31 CONSOLIDATED BALANCE SHEETS 1 As of (MAY 31) (dollars in millions) 5 6 7 2021 2020 2019 ASSETS: Current assets 10 Cash and cash equivalents $ 9,899 $ 8,348 $ 4.400 $ 11 Short term investments 3,687 $ 439 S 1975 12 Accounts receivable, net 4.463 2,749 $ 4.272 $ 13 Inventoreis 6,854 5 7,367 $ 5,622 $ 14 Prepaid expenses and other current assets 1.490 $ 1,653 $ 1,9685 15 Total current assets 28,201 20,566 16,525 16 Property, plant and equipment, net 4,904 4,866 4,744 17 operating lease right-of-use assets, net 3113 3097 0 16 Identifiable intangible assets, net 209 274 283 19 Goodwill 242 223 154 20 Deffered income taxes and other assets 2,921 2,326 2011 21 Total Assets $ 37,740.00 $ 31,342 00 $23717.00 $ 22 Liabilites and shareholders equity 23 Current Liabilies 24 current portion of long-term debt 0 3 6 25 Notes payable 2 9 26 accounts payable 2838 2248 2812 467 445 0 2 current portion of operating lease liabilities 28 Accured liabilities 6083 5184 5010 29 income tax payable 308 158 229 8674 8284 7866 30 Total current liabilities 9413 9408 3464 31 long term debt 4 2931 2913 0 32 Operating lease abilites 2955 33 deferred income taxes and other liabildes 2684 3347 antindranirips in 187 4,240 906 3,498 5.261 1,130 15,134 4,454 0 285 154 2,500 22 536.00 248 B 336 2279 0 3209 150 6040 3468 0 3216 B 242 2,921 SI TAO OO $ 223 2,326 31 342.00 s D 154 2,011 23 ZIZ.Q0 $ E 154 2,509 22,536.00 $ 19 Goodwill 20 Deltered income taxes and other assets 21 Total Assets Il nostre and shareholders equity 23 Current Liabilities 24 current portion of long-term debt 25 INotes payable 20 accounts payable 27 current portion of operating lease liabilities 28 Accured habilities 29 income tax payable 30 Total current liabilities 31 long-term debt 32 operating lease liabilites 33 deferred income taxes and other liabilites 3A Commitments and contigencies (note 18) 35 Redeemable preffered stcok 30 shareholders equity 37 common stock at stated value 38 Class A convertible - 305 and 315 shares outstanding 39 Class B-1273 and 1,243 shares outstanding 40 capital in excess of state value 41 accumulated other comprehensive income (loss) 42 Retained canings (deficit) La Total shareholders equity 44 Total Labatles and shareholders equity 45 46 0 2 2836 487 8083 306 9674 9413 2931 2955 3 248 2248 445 5184 156 8284 9406 2913 2684 6 9 2812 0 5010 229 7888 3464 0 3347 6 336 2279 0 3269 150 6040 3468 0 3216 3 9965 -380 3179 12767 37.740.00 $ 3 8299 56 -191 8055 (31 342.00 s 3 7163 231 1843 9040 23, /17 00 s 3 6384 -92 3517 9812 22 536.00 s

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