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47. On September 30, Star Corporation reported in its annual report the following (in millions); Year 2 Year 1 Total expenses $27.745.5 $24.605.1 Operating income
47. On September 30, Star Corporation reported in its annual report the following (in millions); Year 2 Year 1 Total expenses $27.745.5 $24.605.1 Operating income $6,257.9 $5,401.5 Net earnings $4, 228.4 $4.139.0 What amount of revenues did Star Corporation report for the year ended September 30, Year 2 (in millions)? A) $31.973.9 B) $34.003.4 C) $29,775.0 D) $27,834.9 E) None of these are correct. 48. On December 31, Sleek Corporation reported, on its annual report, the following (in millions), Year 2 Year 1 Operating income $4,255,3 $3,673.0 Net earnings $2,875.3 $2.759.3 Calculate year-over-year increase or decrease) in net earnings, in percentage terms A) 4.2% B) 15.9% C) 16.8% D) 4.0% E) None of these are correct. 49. Sales for the year = $997,279, Profit margin =18%, and average Assets during the year = $647,770. Return on Assets (ROA) for the year is: A) 65.0% B) 27.7% C) 11.7% D) There is not enough information to calculate ROA. E) None of these are correct
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