Key financial figures for Global Filter Corp. and Northstar Corp. over the past following year are...

Transcribed Image Text:

Key financial figures for Global Filter Corp. and Northstar Corp. over the past following year are given below: Northstar Corp. $279,000 111,000 94,000 713,000 1,541,000 Sales Income from operations Net income Assets at the beginning of the year Assets at the end of the year. a) Calculate the return on total assets percentage for Global Filter Corp. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) Return on total assets = % Global Filter Corp. $99,000 175,000 148,000 253,000 448,000 b) Calculate the return on total assets percentage for Northstar Corp. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) Return on total assets = % c) Which company is more successful in generating the total amount of sales? (Select one) is more successful. d) Which company is more successful in producing operating income from its investment in assets? (Select one) is more successful. (Select one) Global Filter Corp. Northstar Corp. Key financial figures for Global Filter Corp. and Northstar Corp. over the past following year are given below: Northstar Corp. $279,000 111,000 94,000 713,000 1,541,000 Sales Income from operations Net income Assets at the beginning of the year Assets at the end of the year. a) Calculate the return on total assets percentage for Global Filter Corp. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) Return on total assets = % Global Filter Corp. $99,000 175,000 148,000 253,000 448,000 b) Calculate the return on total assets percentage for Northstar Corp. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) Return on total assets = % c) Which company is more successful in generating the total amount of sales? (Select one) is more successful. d) Which company is more successful in producing operating income from its investment in assets? (Select one) is more successful. (Select one) Global Filter Corp. Northstar Corp.

Answer rating: 100% (QA)

The provided image contains a table with key financial figures for Global Filter Corp and Northstar Corp and several questions regarding the calculation of the return on total assets percentage and an... View the full answer