DE 18-13 Use the financial statements of Lucent Technologies (pages 715 and 716) to determine or, if

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DE 18-13 Use the financial statements of Lucent Technologies (pages 715 and 716) to determine or, if necessary, to compute these profitability measures for 1999:

a. Rate of return on net sales.

b. Rate of return on total assets. Interest expense for 1999 was $406 million.

c. Rate of return on common stockholders' equity. Are these rates of return strong or weak? Explain.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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