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Question - Nokia Corp. manufactures, markets, and sells phones and other electronics. Stockholders' equity for Nokia are €16,218 million in 2017 and €20,975 million in 2016. In 2017, Nokia reported a loss of €(1,458) million on sales of €23,147 million.
a. What is Nokia's return on equity for 2017?
b. Nokia's total assets were €41,024 million at the end of 2017. Compute its debt-to-equity ratio.
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