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Sales ($ millions) Net income, consolidated Net income attributable to 3M shareholders 2018 2017 $32,765 5,363 5,349 Assets 36,500 $37,987 Total equity 9,848 11,622
Sales ($ millions) Net income, consolidated Net income attributable to 3M shareholders 2018 2017 $32,765 5,363 5,349 Assets 36,500 $37,987 Total equity 9,848 11,622 Equity attributable to 3M shareholders 9,796 11,563 a. Compute return on equity (ROE). Round answer to two decimal places (ex: 0.12345 = 12.35%) 50.08 * % b. Compute the DuPont model component measures for profit margin, asset turnover, and financial leverage. Round profit margin to two decimal places (ex: 0.12345 = 12.35%) Round asset turnover and financial leverage to three decimal places. Profit margin 16.33 * % Asset turnover 0.88 Financial leverage 3.42 x c. Compute ROA Round answer to two decimal places (ex: 0.12345 = 12.35%) 14.36 * % d. Compute adjusted ROA (assume a statutory tax rate of 22% and pretax net interest expense of $207). Round answer to two decimal places (ex: 0.12345 = 12.35%) 13.93 * %
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