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This exercise is built around Kroger's financlal statements from the chapter. Total shareholders' equity-The Kroger Co. was $5,384 milition at February 1, 2014. Refer to

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This exercise is built around Kroger's financlal statements from the chapter. Total shareholders' equity-The Kroger Co. was $5,384 milition at February 1, 2014. Refer to Exhibits 61, 6.6 and 6.14 from the chapter Required: 1 Kroger earned an ROA of 6.9% in fiscal 2014. What was ROCE that year? (Round your answer to 1 decimal place.) 2. ROA at the company fell to 3.7% in fiscal 2017 (adjusted to eliminate the one-time effect on earnings of the Tax Cuts and Jobs ACt). What was ROCE that year (also adjusted for the Tax Cuts and Jobs Act)? (Round your answer to 1 decimal place.) 3. Did financialleverage help or hurt Kroger in fiscal 2017 ? EXHIBIT 6.1 The Kroger Co. \begin{tabular}{lrrrrr} Comparative Income Statements & & & & \\ & Fiscal Year: & 2017 & 2016 & 2015 & 2014 \\ & & (52 weeks) & (53 weeks) & (52 weeks) & (52 weeks) \\ ( S in & & February 3, & January & January & January \\ millions) & Year Ended: & 2018 & 28,2017 & 30,2016 & 31,2015 \\ \hline Sales & & $122,662 & $115,337 & $109,830 & $108,465 \end{tabular} Merchandise costs, including advertising, warehousing, and transportation, excluding items. Source: The Kroger Company Form 10Ks for the

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