Question
e.) For each company, compute the return on assets ratio (ignore any interest and tax impact just use net income/total average assets) for 2020. Which
e.) For each company, compute the return on assets ratio (ignore any interest and tax impact just use net income/total average assets) for 2020. Which Company earned the higher return based on its assets? What does this ratio tell us about the company? f.) Based on your answers to questions a - e, compare these two competitors, specifically if you had $10,000, which would you invest in. Name at least 3 specific other items, other than the above ratios, that may be helpful in making your decision. g.) Name three specific ways/strategies that the companies could improve their current ratio and how does your suggestion directly impact the current ratio calculation.
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