Question: Zoogle has the following selected data ($ in millions): Net sales .............. $24,651 Net income ............. 6,620 Operating cash flows ........ 9,326 Total assets, beginning
Net sales .............. $24,651
Net income ............. 6,620
Operating cash flows ........ 9,326
Total assets, beginning ....... 41,768
Total assets, ending ........ 50,497
Required:
1. Calculate the return on assets.
2. Calculate the cash return on assets.
3. Calculate the cash flow to sales ratio and the asset turnover ratio. Is Zoogle’s business strategy closer to Apple’s or to Dell’s in Illustrations 11–24 and 25?
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