The following financial information (in millions) is for two major corporations for the three fiscal years ended December 31

Instructions
(a) Calculate return on assets and return on equity for each company for 2011 and 2010. Comment on whether their ratios have improved or deteriorated.
(b) Compare Husky's ratios with Suncor's.
(c) The industry average for return on equity in 2011 was 9.03%. Compare the two companies' performance with the industry average.
Taking It Further
Using your findings in this question to illustrate, explain why is it important to use comparisons in evaluating ratios.

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2011 2010 2009 Husky Energy Inc. $ 947 14,574 28,050 Profit $2,224 Shareholders' equity Total assets 17,773 32,426 $13,716 25,508 Suncor Energy Inc. 4,304 38,600 74,777 $ 3,829 35,192 68,607 Profit Shareholders' equity Total assets $32,485 67,799