Question: Shown below are selected data from a recent annual report of Quality Service. (Dollar amounts are in millions.) Beginning of the Year End of the
Shown below are selected data from a recent annual report of Quality Service.
(Dollar amounts are in millions.)
Beginning of
the Year
End of
the Year
Total assets $6,000 $6,600
Total stockholders' equity $3,200 $3,700
Operating income $2,000
Net income $1,900
Compute for the year:
(a) Return on average total assets
(b) Return on average total equity
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