Question
1.The following information is provided for Blossom Company and Ayayai Corp.: (in $ millions) Blossom Company Ayayai Corp. Net income 2017 $120 $350 Net sales
1.The following information is provided for Blossom Company and Ayayai Corp.:
(in $ millions)
Blossom Company
Ayayai Corp.
Net income 2017
$120
$350
Net sales 2017
1200
4500
Total assets 12/31/15
1000
2000
Total assets 12/31/16
1050
3000
Total assets 12/31/17
1150
4000
What is Ayayai's return on assets (rounded) for 2017?
10.0%
11.7%
11.3%
8.8%
2.The 2017 financial statements of Cullumber Company contain the following selected data (in millions).
Current assets$89Total assets143Current liabilities31Total liabilities73Cash6Interest expense7Income taxes9Net income11The debt to assets ratio (rounded) is
51.0%.
7.2 times.
34.8%.
1.96%.
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