Following are selected financial statement data from 3M Company for 2009 through 2012. Required a. Compute 3M

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Following are selected financial statement data from 3M Company for 2009 through 2012. image text in transcribed

Required

a. Compute 3M Company's return on assets for 2010 through 2012. Disaggregate 3M's ROA into the profit margin and asset turnover for 2010 through 2012. What trends do we observe?

b. Which ROA component appears to be driving the trend observed in part

(a) ? Explain.

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Financial And Managerial Accounting For MBAs

ISBN: 9781618533593

6th Edition

Authors: Peter D. Easton

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Question Posted: Mar 03, 2024 06:01 AM

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Following are selected financial statement data from 3M Company for 2009 through 2012. Required a. Compute 3M

Question:

($ millions) 2009. 2010. 2011 2012. Total Assets $27,250 30,156 31,616 33,876 Net Income $3,193 4,085 4,283 4,444 Sales $23,123 26,662 29,611 29,904

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Financial And Managerial Accounting For MBAs

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