Lexington Inns reported these figures for 2020 and 2019 (in millions): {Requirement} Evaluate Lexington's return on assets
Question:
Lexington Inns reported these figures for 2020 and 2019 (in millions):
{Requirement}
Evaluate Lexington's return on assets and return on equity for 2020. What additional information would help you make this evaluation?
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Balance sheet 2020 2019 Total assets. $15,702 $13.728 Common share capital. 80 680 Retained earnings..... 11,519 16.499 Other shareholders' equity.. (3,005) (9,095) Income statement Ne: sales. $25,500 $27,500 Operating income. 4,025 3,813 Net income.. 1,500 1.550
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Related Book For
Financial Accounting
ISBN: 9780135433065
7th Canadian Edition
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
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