Exercise 11-14A Calculate financial ratios (LO11-6)

Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).)

Net sales	$	23,151
Net income		6,470
Operating cash flows		9,311
Total assets, beginning		26,768
Total assets, ending		35,497

Required:

1. Calculate the return on assets.

(S in millions) Return on Assets Average total assets Net income Zoogle = 2. Calculate the cash return on assets. ($ in millions) Cash Return on Assets Zoogle II 3. Calculate the cash flow to sales ratio and the asset turnover ratio. ($ in millions) Cash Flow to Sales Zoogle ($ in millions) Asset Turnover Zoogle times