Question

Briggs & Stratton is the world’s largest producer of air-cooled gasoline engines for outdoor power equipment. Its 2011 annual report to stockholders included the following data (in millions):
Net income ............... $ 24,355
Total assets
Beginning of year ............ 1,690,057
End of year .............. 1,666,218
Net income as a percent of total revenue .. 1.15427%
Average stockholders’ equity ........ 3.50805%

Using only the data given, compute the
(1) Net income percent of average assets,
(2) Total revenues,
(3) Average stockholders’ equity, and
(4) Asset turnover (using two different approaches).



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  • CreatedNovember 19, 2014
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