Question

The following data show five items from the financial statements of three companies for a recent year (amounts in millions):


Required
A. Compute the rate of return on assets for each company. Separate the rate of return on assets into the return on sales and the asset turnover ratio.
B. The three companies are American Airlines, Johnson & Johnson, and May Department Stores. Which of the companies corresponds to A, B, and C, respectively? What clues did you use in reaching yourconclusions?


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  • CreatedMarch 11, 2015
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