In its 2006 annual report, McDonalds Corporation reports beginning total assets of $30.0 billion; ending total assets

Question:

In its 2006 annual report, McDonald’s reports beginning total assets of $30.0 billion; ending total assets of $29.0 billion; net sales of $21.6 billion, and net income of $3.5 billion.
(a) Compute McDonald’s return on assets ratio.
(b) Compute McDonald’s ratio.

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio. 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...