Suppose in its 2022 annual report that McDonalds Corporation reports beginning total assets of $ 29.25 billion,
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Question:
Suppose in its 2022 annual report that McDonald’s Corporation reports beginning total assets of $29.25 billion, ending total assets of $30.75 billion, net sales of $21.30 billion, and net income of $3.90 billion.
(a) Compute McDonald’s return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.)
McDonald’s return on assets | Enter McDonald’s return on assets in percentages rounded to 2 decimal places % |
(b) Compute McDonald’s asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.)
McDonald’s asset turnover | Enter McDonald's asset turnover rounded to 2 decimal places times |
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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