Suppose in its 2014 annual report, McDonalds Corporation reports beginning total assets of $28.46 billion; ending total

Question:

Suppose in its 2014 annual report, McDonald’s Corporation reports beginning total assets of $28.46 billion; ending total assets of $30.22 billion; net sales of $22.74 billion; and net income of $4.55 billion.

(a) Compute McDonald’s return on assets.

(b) Compute McDonald’s asset turnover.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...