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Use the abbreviated financial data for Illinois Tool Works (ticker: ITW) as shown below. What is their Return on Equity (ROE) given the data below
Use the abbreviated financial data for Illinois Tool Works (ticker: ITW) as shown below. What is their Return on Equity (ROE) given the data below and a Total Debt Ratio (TDR) of 0.789966? (Hint: think DuPont). State your answer as a raw number with two decimal places of accuracy, not in decimal form (i.e., 13.21 not .1321).
$ $ 3,094 2,628 1,220 336 $ - Current Assets: Cash and equivalents Accounts receivables Inventories Prepaid expenses and other current assets Assets held for sale Total current assets Net plant and equipment Goodwill Intangible assets Deferred income taxes Other assets Total Assets $ $ $ $ $ $ 1,981 $ 2,461 $ 1,164 $ 296 $ 351 $ 6,253 $ 1,729 $ 4,492 $ 851 $ 516 $ 1,227 $ 15,068 $ 1,504 $ 2,622 $ 1,318 $ 334 $ $ 5,778 $ 1,791 $ 4,633 $ 1,084 $ 554 $ 1,030 $ 14,870 $ 7,278 1,778 4,752 1,272 505 1,195 16,780 $ $ $ Income Statement - USD ($) $ in Millions 12 Months Ended Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2017 Operating Revenue Cost of revenue Selling, administrative, and r&d expenses Legal settlement (income) Amortization & impairment of intangible assets Operating Income Interest expense Other income (expense) Income Before Taxes Income taxes Net Income Net Income Per Share: Basic (in dollars per share) Diluted (in dollars per share) $ $ $ $ $ $ $ $ $ $ $ 14,109 $ 8,187 $ 2,361 $ $ 159 $ 3,402 $ (221) $ 107 $ 3,288 $ 767 $ 2,521 $ 14,768 $ 8,604 $ 2,391 $ $ 189 $ 3,584 $ (257) $ 67 $ 3,394 $ 831 $ 2,563 $ 14,314 8,306 2,412 (95) 206 3,485 (260) 45 3,270 1,583 1,687 5 $ $ 8 $ 8 $ 8 $ 8 $ 5 Stock Price as of 12/31/19: $ 178.57
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