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Cyberdyne Systems and Virtucon are competitors focusing on the latest technologies. Selected financial data is provided below. (Round your answers to 1 decimal place.
Cyberdyne Systems and Virtucon are competitors focusing on the latest technologies. Selected financial data is provided below. (Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) ($ in millions) Cyberdyne Virtucon Net sales $65,905 $14,784 Net income 17,794 3,105 Operating cash flows 19,400 3,250 Total assets, beginning 84,905 24,284 Total assets, ending 86,905 23,984 Required: 1. Calculate the return on assets for both companies. ($ in millions) Return on Assets Net income Average total assets Cyberdyne $ 17,794.0 85,905.0 Return on Assets 20.7% Virtucon S 3,105.0 24,834.0 12.5%
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