Question: Zoogle has the following selected data ($ in millions): Net sales ............ $37,905 Net income ........... 9,737 Operating cash flows ....... 14,565 Total assets, beginning
Zoogle has the following selected data ($ in millions):
Net sales ............ $37,905
Net income ........... 9,737
Operating cash flows ....... 14,565
Total assets, beginning ..... 57,851
Total assets, ending ....... 72,574
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?
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1 in millions Net Income Average Total Assets Return on Assets Zoogle 9737 72574 578512 149 2 in mi... View full answer
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