1. The consolidated Statements of Earnings (Income Statement) on page 37 indicate that P&Gs Net Earnings for 2020 was $13,013 million. The Consolidated Balance Sheets on page 39 indicate that Total Assets for 2020 were $120,700 million and for 2019 were $115,095 million. Based upon the Net Income and Total Assets, calculate P&Gs return on investment (ROI) for 2020.
   1. ROI _____% Show your work : _____________________________ ___________________________________________________________
2. The consolidated Statements of Earnings (Income Statement) on page 37 indicate that P&Gs Net Earnings for 2020 was $13,013 million. The Consolidated Balance Sheets on page 39 indicate that Shareholders Equity for 2020 was $73,822 million and for 2019 was $67,516 million. Based upon the Net Income and Shareholders Equity, calculate P&Gs return on equity (ROE) for 2020.
   1. ROE _____% Show your work : _____________________________ ___________________________________________________________

Consolidated Statements of Earnings 2020 2019 2018 $ 70,950 S 67.684 34.768 35,250 19,994 $ 66,832 34.432 19,037 19.084 8.345 5,487 15,706 13.363 (465) Amounts in millions except per share amounts; Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Goodwill and indefinite-lived intangibles impairment charges OPERATING INCOME Interest expense Interest income Other non-operating income, net EARNINGS BEFORE INCOME TAXES Income taxes NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE (1) (509) 220 (506) 247 155 438 871 222 6.069 13,326 15,834 2,731 13,103 3.465 2.103 3.966 9.861 76 69 111 $ 13,027 S 3.897 S 9.750 NET EARNINGS PER COMMON SHARE: (2) Basic S 5.13 S 1.45 $ 3.75 Diluted $ 4.96 S 1.43 S 3.67 (1) Net earnings attributable to Procter & Gamble in fiscal 2019 was negatively impacted by the impairment charges of $8.3 billion related to Shave Care goodwill and Gillette indefinite-lived intangible assets. Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble. (2)