International Paper Company is one of the world's largest manufacturers of paper and wood products. The following
Question:
International Paper Company is one of the world's largest manufacturers of paper and wood products. The following information (in millions) was disclosed on recent two-year comparative income statements:
*Before discontinued operations, extraordinary items, and cumulative effect from change in accounting principle. Information (in millions) from three-year comparative balance sheets is as follows:
a. Determine the rate earned on total assets for 2003 and 2004. Round to two decimal places. b. Determine the rate earned on stockholders' equity, using the leverage formula, for 2003 and 2004. Round to two decimal places. c. Analyze comparative ratios in (a) and (b) for the twoyears.
Transcribed Image Text:
2004 2003 Net income (loss)* 5(35) $302 Dec. 31, 2004 534,217 Dec. 31, 2003 Dec. 31, 2002 533,792 $35,525 Total assets Total stockholders' equity 8,254 8,237 7,374
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
a b Leverage formula Rate Earned on Stockholders Equity Rate Ear...View the full answer
Answered By
Mwangi Clement
I am a tried and tested custom essay writer with over five years of excellent essay writing. In my years as a custom essay writer, I have completed more than 2,000 custom essays in a diverse set of subjects. When you order essays from me, you are working with one of the best paper writers on the web. One of the most common questions I get from customers is: “can you write my essay?” Upon hearing that request, my goal is to provide the best essays and overall essay help available on the web. I have worked on papers in subjects such as Nursing and Healthcare, English Literature, Sociology, Philosophy, Psychology, Education, Religious Studies, Business, Biological Sciences, Communications and Media, Physical Sciences, Marketing and many others. In these fields, my specialties lie in crafting professional standard custom writings. These include, but are not limited to: research papers, coursework, assignments, term papers, capstone papers, reviews, summaries, critiques, proofreading and editing, and any other college essays.
My extensive custom writings experience has equipped me with a set of skills, research abilities and a broad knowledge base that allows me to navigate diverse paper requirements while keeping my promise of quality. Furthermore, I have also garnered excellent mastery of paper formatting, grammar, and other relevant elements. When a customer asks me to write their essay, I will do my best to provide the best essay writing service possible. I have satisfactorily offered my essay writing services for High School, Diploma, Bachelors, Masters and Ph.D. clients.
I believe quality, affordability, flexibility, and punctuality are the principal reasons as to why I have risen among the best writers on this platform. I deliver 100% original papers that pass all plagiarism check tests (Turnitin, Copyscape, etc.). My rates for all papers are relatively affordable to ensure my clients get quality essay writing services at reasonable prices.