Using the statements below, show that the following equation is true with the calculations:

ROE ratio = PM Ratio x AT ratio x Lev ratio

As of January 31, (Amounts in millions) 2021 2020 ASSETS Current assets: Cash and cash equivalents 17,741 $ 9.465 Receivables, net 6,516 6.284 Inventories 44.949 44,435 Prepaid expenses and other 20,861 1,622 Total current assets 90,067 61,806 Property and equipment, net 92.201 105.208 Operating lease right-of-use assets 13,642 17,424 Finance lease right-of-use assets, net 4,00 4,417 Goodwill 28,983 31,073 Other long-term assets 23,598 16,567 Total assets 252,496 236,495 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings 224 $ 575 Accounts payable 49,141 46,973 Accrued liabilities 37,966 22,296 Accrued income taxes 242 280 Long-term debt due within one year 3,115 5,362 Operating lease obligations due within one year 1,466 1,793 Finance lease obligations due within one year 491 $11 Total current liabilities 92,645 77,790 Long-term debt 41,194 43,714 Long-term operating lease obligations 12.909 16,171 Long-term finance lease obligations 3,847 4,307 Deferred income taxes and other 14,370 12,961 Commitments and contingencies Equity: Common stock 282 284 Capital in excess of par value 3,646 3,247 Retained earnings 88,763 83.943 Accumulated other comprehensive loss (11,766) (12,805) Total Walmart shareholders' equity 80,925 74,669 Noncontrolling interest 6,606 6,883 Total equity 87,531 81 352 Total liabilities and equity 252,496 236,495Walmart Inc. Consolidated Statements of Income Fiscal Years Ended January 31, (Amounts in millions, except per share data) 2021 2020 2019 Revenues: Net sales $ 555,233 $ 519,926 $ 510,329 Membership and other income 3,918 4,038 4,076 Total revenues 559,151 $23,964 514,405 Costs and expenses: Cost of sales 420,315 394,605 385,301 Operating, selling, general and administrative expenses 116,288 108,791 107,147 Operating income 22,548 20,568 21,957 Interest: Debt 1,976 2,262 1,975 Finance, capital lease and financing obligations 339 337 371 Interest income (121) (189) (217) Interest, net 2,194 2,410 2,129 Other (gains) and losses (210) (1,958) 8,368 Income before income taxes 20,564 20,116 11,460 Provision for income taxes 6,858 4.915 4,281 Consolidated net income 13,706 15,201 7,179 Consolidated net income attributable to noncontrolling interest (196) (320) (509) Consolidated net income attributable to Walmart $ 13,510 $ 14,881 6,670