Computing Return on Equity and Return on Assets The following table contains financial statement information...
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Computing Return on Equity and Return on Assets The following table contains financial statement information for Staples, Inc. ($ millions) Total Assets Net Income Sales Equity 2006 $8,397 $974 $18,161 $5,022 2005 7,733 784 16,079 4,482 2004 7,071 665 14,448 4,115 (a) Compute the return on equity (ROE) for 2006 and 2005. (Round your answers to one decimal place.) 2006 ROE =Answer % 2005 ROE =Answer %
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