Question: Computing and interpreting Return on Assets and its components McDonald's Corporation (MCO) reported the following balance sheet and income statement data for 2016 through 2018

(MCO) reported the following balance sheet and income statement data for 2016

Computing and interpreting Return on Assets and its components McDonald's Corporation (MCO) reported the following balance sheet and income statement data for 2016 through 2018 Smillions Total Assets Net Income Sales 2018 3.34ASTO 55621 5241730 2017 15,499 2016 a. What is McDonald's return on assets for 2018 and 2017 Round answers to one decimal place (ex 0.2345 - 235 2017 2018 b. Determine the profit margin for 2018 and 2017 Round answers to one decimal place (ex: 0 2345-235) 2017 calculate the set turnover for 2015 and 2017 Round answers to two decimal places 2018 2017 b. Determine the profit margin for 2018 and 2017 Round answers to one decimal place (ex: 0.2345 = 23.5%). 2018 2017 0% OM c. Calculate the asset turnover for 2018 and 2017. Round answers to two decimal places. 2018 2017 d. What factor is mainly responsible for the change in McDonald's ROA over this period? Is it profit margin or asset turnover or both

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