Using the following financial statements, calculate Return on Assets for the 2020 fiscal year ended December 31, 2020 Financial statements for United Parcel Services, Inc. UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in millions) December 31, 2020 2019 ASSETS 5.910 5.238 503 406 9,545 (93) 9,552 Current An Cath and cash equivalente Marketable securities Accounts receivable Allowance for credit losses Accounts receivable, nel Asset Meld for sale Other current sets Total Current Assets Property, plant and Equipment, Net Operating Lewe Right-or-Use Assets Goodwill Intangible Assets, Net Investments and Restricted Cash Deferred Income Tax Assets 10,888 (138) 10.750 1,197 1,953 20,216 32,254 3,073 3.367 2,274 25 1,810 17.103 30.482 2,856 3.813 2,167 24 527 330 Other Non-Current Assets 672 1,082 $ 62.408 S $7,857 5 3,420 538 2,6235 560 6,455 3,569 1,085 5,555 2.552 914 927 793 347 1.450 17,016 Total Assets LIABILITIES AND SHAREOWNERS' EQUITY Current Liabilities Current maturities of long-term debt, commercial paper and finance leases Current maturities of operating leases Accounts payable Accrued wages and withholdings Self-insurance reserves Accrued group welfare and retirement plan contributions Liabilities to be disposed of Other current liabilities Total Current Liabilities Long-Term Debt and Finance Leases Non-Current Operating Leuses Pension and Postretirement Benefit Obligations Deferred Income Tax Liabilities Other Non-Current Liabilities Sharcowners' Equity Class A common stock (147 and 156 shares issued in 2020 and 2019) Class B common stock (118 and 701 shares issued in 2020 and 2019) Additional puid-in capital Retained earnings Accumulated other comprehensive loss Deferred compensation obligations Less: Treasury stock (0.4 shares in 2020 and 2019) Total Equity for Controlling Interests Noncontrolling Interests Total Shareowners' Equity Total Liabilities and Shareowners' Equity 22,031 2,540 15,817 488 1.641 15,413 21,818 2,391 10,601 1.632 2,719 3,847 2 2 7 7 865 150 6,896 (7.113) 9,105 (5,997) 26 (26) 20 (20) 657 3,267 12 669 16 3,283 57,857 $ 62.408 S See notes to audited, consolidated financial statements, UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES STATEMENTS OF CONSOLIDATED INCOME (In millions, except per share amounts) Year Ended December JI, 2020 2019 2018 84,628S 74,094 $ 71,861 44,529 37.235 Revenue Operating Expenses: Compensation and benefits Repairs and maintenance Depreciation and amortization Purchased transportation Fuel 1,732 38.908 1,838 2,360 12,590 3,289 2,207 13.409 3,427 2,365 2,698 15,631 2,582 1.539 7,600 76,944 7,684 1,362 1,392 5.919 66,296 7,798 5.465 64,837 7,024 Other occupancy Other expenses Total Operating Expenses Operating Profit Other Income and (Expense) Investment income (expense) and other Interest expense Total Other Income and (Expense) Income Before Income Taxes Income Tax Expense Net Income Basic Earnings Per Share Diluted Earnings Per Share (5,139) (701) (5,840) 1,844 (1.493) (653) (2,146) 5,652 (400) (605) (1,005) 6,019 501 1,212 1,228 $ 4,791 1,343 5 1.55 S $ 4.440s 5.14 $ 5.11 5 5.53 s 1.54 5 5.51 STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (In millions) Net Income Change in foreign currency translation adjustment, net of tax Change in unrealized gain (loss) on marketable securities, net of tax Change in unrealized gain (loss) on cash flow hedges, net of tax Change in unrecognized pension and portretirement benefit costs, net of tax Comprehensive Income (Loss) Years Ended December 31, 2020 2019 2018 $ 1,343 S4,440 $4,791 97 48 (149) 2 6 (335) 72 485 (880) (1.129) 272 S 227 $ 3.437 S 5399 See notes to audited, consolidated financial statements