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Answer requirement 3. Lawrence Company included the following items in its financial statements...

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Accounting

Answer requirement 3.

image Lawrence Company included the following items in its financial statements for 2021, the current year (amounts in millions): (Click the icon to view the financial statement items.) Read the requirements. Requirement 1. Use DuPont Analysis to calculate Lawrence's return on assets and return on common equity during 2021 (the current year). The company has no preferred stock outstanding. and other component ratios to three decimal places, X.XXX.) ratios to three decimal places, X.XXX.) Requirement 2. Do the company's rates of return look strong or weak? Give your reason. The rates of return appear because even though return on equity exceeds return on assets, both ratios are considered low. Requirement 3. What additional information do you need to make the decision in requirement 2 ? (If an input field is not used in the table, leave the field empty; do not make a selection.) | Data table Requirements 1. Use DuPont Analysis to calculate Lawrence's return on assets and return on common equity during 2021 (the current year). The company has no preferred stock outstanding 2. Do the company's rates of return look strong or weak? Give your reason. 3. What additional information do you need to make the decision in requirement 2

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