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

Zoogle has the following selected data ($ in millions):
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 /low to sales ratio and the asset turnover ratio.

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1 in millions Net Income Average Total Assets Return on Assets Zoogle 6620 41768 504... View full answer

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