LaSalle Inns reported these figures for 2011 and 2010 (in millions): Requirement 1. Compute LaSalles return on

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LaSalle Inns reported these figures for 2011 and 2010 (in millions):

Requirement
1. Compute LaSalle€™s return on assets and return on common stockholders equity for 2011. Do these rates of return suggest strength or weakness? Give yourreason.

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Question Posted: Dec 10, 2012 04:39 AM

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LaSalle Inns reported these figures for 2011 and 2010 (in millions): Requirement 1. Compute LaSalles return on

Question:

2011 2010 Balance sheet Total assets Common stock and additional paid-in capita $16,000 $13,790 384 11,528 16,530 (2,962) (9,112 38 Other equity.... Income statement Operating incom Interest expense. 4,022 3,815 273 1,530 1,544 219

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Rate of Net income return Interest expense 1530 219 ...View the full answer

Financial accounting

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