Problem

ROIShown below are selected data from a recent annual report of Kimberly-Clark Corporation...

ROI

Shown below are selected data from a recent annual report of Kimberly-Clark Corporation , a large consumer products provider. (Dollar amounts are in millions.)

 

Beginning of the Year

End of the Year

Total assets

$19,373

$19,873

Total stockholders’ equity

4,985

5,249

Operating income

 

2,686

Net income

 

1,828

a. Compute for the year Kimberly-Clark ’s return on average total assets. (Round computations to the nearest two-tenths of 1 percent.)


b. Compute for the year Kimberly-Clark ’s return on average total stockholders’ equity. (Round computations to the nearest two-tenths of 1 percent.)


c. What is the most likely explanation why Kimberly-Clark ’s total stockholders’ equity for the year increased?

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