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Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions): Nancarrow Brothers Co. J. C. Murphy,
Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions):
Nancarrow Brothers Co. | J. C. Murphy, Inc. | |
Total liabilities, 2019 | $73,044 | $54,196 |
Total liabilities, 2018 | 72,208 | 60,092 |
Total assets, 2019 | 92,372 | 65,744 |
Total assets, 2018 | 93,028 | 70,416 |
Net sales, 2019 | 322,932 | 163,404 |
Net income, 2019 | 2,600 | 4,415 |
To the nearest hundredth, what is the 2019 return on assets ratio for Nancarrow Brothers Co.?
Select one:
A. 6.72%
B. Not enough information provided
C. 2.81%
D. 3.56%
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