GEM Airways, and Eagle Flights are two publicly traded airline companies. They reported the following...
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GEM Airways, and Eagle Flights are two publicly traded airline companies. They reported the following in their financial statements (in millions of dollars, except per-share amounts and stock prices): GEM Eagle 2021 2020 2021 2020 Net income $ 3,985 $ 3,587 $ 2,525 $ 3,498 Total stockholders' equity 13,787 14,010 9,913 10,490 Earnings per share 5.70 4.54 4.32 5.82 Stock price when annual results reported 51.76 54.34 58.32 55.40 Required: 1-a. Compute the 2021 ROE for each company. Express ROE as a
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