A company has the following selected data ($ in millions): (Round your answers to 2 decimal place.
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Question:
A company has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).)
Net sales | $ | 23,951 | |
Net income | 6,550 | ||
Operating cash flows | 9,319 | ||
Total assets, beginning | 34,768 | ||
Total assets, ending | 43,497 | ||
Required:
1. Calculate the return on assets.
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2. Calculate the cash return on assets.
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3. Calculate the cash flow to sales ratio and the asset turnover ratio.
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
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