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Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these businesses for a recent year follow:
Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these businesses for a recent year follow: Key Figures ($ millions) Sales Net income Average assets Cola Company Pop Company $ 63,186 Cola Company return Pop Company return $ 44,443 8,906 73,000 Required: 1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.) Numerator: 6,767 67,000 Average total assets $ $ Return on Assets T Denominator: /Net income 8,906 / 6,767 / > B ||||| Return on Assets Return on assets OO 0 0
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