GM has the following balances at Dec31,2021: -Operating Assets $ 1,200,000 -Financial Assets 800,000 -Operating Liabilities 200,000
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GM has the following balances at Dec31,2021: -Operating Assets $ 1,200,000 -Financial Assets 800,000 -Operating Liabilities 200,000 -Financial liabilities 1,400,000 -Operating Income 200,000 -Tax Rate % 40 -Net Income 110,000 -Preferred Stock dividends 10,000 Required: 1.Calculate the following (use 2021 ending balances only): a.Return on Net Operating Assets – RNOA b.Return on Common Equity – ROCE 2.Justify and analyze your findings in required (1)
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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