Briggs Stratton is the world s largest producer of air cooled
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).

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help