Microsoft Corporation (MSFT) reported the following data (in millions) for a recent year:

Sales ..............................................$110,360
Operating income ............................35,058
Average total assets ......................254,580
Average stockholders’ equity .........85,215

1. Compute the return on total assets. Round to one decimal place.

2. Compute the return on stockholders’ equity. Round to one decimal place.

3. Compute the profit margin, asset turnover, and financial leverage metrics using the expanded DuPont formula. Round profit margin, asset turnover, and financial leverage to two decimal places. Round return on stockholders’ equity to one decimal place.

4. Apple Inc. has a financial leverage metric of 3.24. Does Apple or Microsoft use more financial leverage in its operations?