Suppose in its 2022 annual report that McDonalds Corporation reports beginning total assets of $28.46 billion, ending

Question:

Suppose in its 2022 annual report that 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...

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