2 questions I need help with 1 ) The following information is provided for Carla Vista Co....
Fantastic news! We've Found the answer you've been seeking!
Question:
2 questions I need help with
1 ) The following information is provided for Carla Vista Co. and Martinez Corp.:
(in $ millions)
Carla Vista Co.
Martinez Corp.
Net income 2017
$145
$400
Net sales 2017
1785
4570
Total assets 12/31/15
1035
2270
Total assets 12/31/16
1090
3130
Total assets 12/31/17
1155
4030
What is Martinez's return on assets (rounded) for 2017?
12.8%
9.9%
13.2%
11.2%
2)The 2017 financial statements of Blossom Company contain the following selected data (in millions).
Current assets$76Total assets175Current liabilities43Total liabilities82Cash7Interest expense5Income taxes10Net income19The debt to assets ratio (rounded) is
46.9%.
2.13%.
56.6%.
6.0 times.
Posted Date: