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Suma Corporation's 2021 financial statements reported the following items, with 2020 figures given for comparison (adapted and in millions, is the symbol for the Japanese
Suma Corporation's 2021 financial statements reported the following items, with 2020 figures given for comparison (adapted and in millions, is the symbol for the Japanese yen): - (Click the icon to view the financial statements.) Compute Suma's return on assets and return on common equity for 2021. Evaluate the rates of return as strong or weak. What additional information would be helpful in making this decision? Compute Suma's return on assets and return on common equity for 2021. Start by calculating the rate of return on assets (ROA). Select the formula needed, and then enter the amounts to compute ROA for 2021. (Enter amounts in millions as provided to you in the problem statement. Round amounts in the formula to the nearest whole million. Round the final answer to one decimal place, X.X%.) ROA % Financial statements 20241 2020 Balance sheet 10.636 9,527 Total assets Total liabilities * 7 416 6, 641 2.886 3,220 Total shareholders' equity (all common) 10,686 9,527 Total liabilities and shareholders' equity Income statement 7.630 Revenues and other income 7,289 Operating expense 34 Interest expense 198 Other expense \ 109 Net income
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