Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Compute Measures for DuPont Disaggregation Analysis
Use the information below for 2018 for 3M Company to answer the requirements
| ($ millions) | 2018 | 2017 | |
|---|---|---|---|
| Sales | $32,765 | ||
| Net income, consolidated | 5,363 | ||
| Net income attributable to 3M shareholders | 5,349 | ||
| Assets | 36,500 | $37,987 | |
| Total equity | 9,848 | 11,622 | |
| Equity attributable to 3M shareholders | 9,796 | 11,563 |
d. Compute adjusted ROA (assume a statutory tax rate of 22% and pretax net interest expense of $207).
Round answer to two decimal places (ex: 0.12345 = 12.35%)
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