Following are financial data for Syke and Under Shield. Syke 1 Year 1 Year prior Current...

Transcribed Image Text:

Following are financial data for Syke and Under Shield. Syke 1 Year 1 Year prior Current Year $ millions Net income prior Current Year $ 3,184 27,694 $ 3,141 $ 618 $ 1,057 Net sales 29,715 12,129 18,644 Total assets 18,653 21,248 9,730 14,185 1. Compute return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Compute both profit margin and total asset turnover for the current year for (a) Syke and (b) Under Shield. 3. Which company more efficiently used its assets in the current year? Under Shield Following are financial data for Syke and Under Shield. Syke 1 Year 1 Year prior Current Year $ millions Net income prior Current Year $ 3,184 27,694 $ 3,141 $ 618 $ 1,057 Net sales 29,715 12,129 18,644 Total assets 18,653 21,248 9,730 14,185 1. Compute return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Compute both profit margin and total asset turnover for the current year for (a) Syke and (b) Under Shield. 3. Which company more efficiently used its assets in the current year? Under Shield

Answer rating: 100% (QA)

Average total assets is computed by taking the average of begining ... View the full answer