The following information is provided for Crane Company and Novak Corporation. (in $ millions) Crane Company Novak
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The following information is provided for Crane Company and Novak Corporation.
(in $ millions) | Crane Company | Novak Corporation | |||
---|---|---|---|---|---|
Net income 2022 | $135 | $375 | |||
Net sales 2022 | 1715 | 4810 | |||
Total assets 12/31/20 | 1015 | 2210 | |||
Total assets 12/31/21 | 1085 | 3060 | |||
Total assets 12/31/22 | 1185 | 4000 |
What is Crane's return on assets for 2022? (Round answer to 1 decimal place, e.g. 15.2.)
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