Question: International Genetic Technologies (In Gen) and The Resources Development Association (RDA) are companies involved in cutting- edge genetics research. Selected financial data for (In Gen)

 International Genetic Technologies (In Gen) and The Resources Development Association (RDA)

International Genetic Technologies (In Gen) and The Resources Development Association (RDA) are companies involved in cutting- edge genetics research. Selected financial data for (In Gen) and (RDA) are provided below: (Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) ($ in millions) Net sales Net income Operating cash flows Total assets, beginning Total assets, ending InGen $175,245 10,515 13,839 253,400 135,865 RDA $138,916 21,030 20,426 193,452 137,840 Required: 1. Calculate the return on assets for both companies. (s in millions) Return on Assets = Return on Assets InGen RDA 2. Calculate the cash return on assets for both companies. ($ in millions) Cash Return on Assets = Cash Return on Assets InGen RDA 3. Calculate the cash flow to sales ratio and the asset turnover ratio for both companies. ($ in millions) Cash Flow to Sales Cash Flow to Sales InGen RDA Asset Turnover = Asset Turnover times InGen RDA times 4. In general, which company has the more favorable ratios? International Genetic Technologies (InGen) Resources Development Association (RDA)

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