Use the information below for 3M Company to answer the requirements (perform these computations from the perspective of a 3M shareholder). 2014 ($millions) Sales Net income, consolidated Net income attributable to 3M shareholders Assets Total equity Equity attributable to 3M shareholders 2015 $30,674 5,056 5,048 32,898 $31,389 11,747 13,142 11,708 13,109 a. Compute return on equity (ROE). Round answer to two decimal places (ex: 0.12345= 12.35%)
Use the information below for 3M Company to answer the requirements (perform these computations from the perspective of a 3M shareholder). 2014 ($millions) Sales Net income, consolidated Net income attributable to 3M shareholders Assets Total equity Equity attributable to 3M shareholders 2015 $30,674 5,056 5,048 32,898 $31,389 11,747 13,142 11,708 13,109 a. Compute return on equity (ROE). Round answer to two decimal places (ex: 0.12345= 12.35%)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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