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Following are financial data for Syke and Under Shield. Syke Under Shield $ millions Current Year 1 Year prior Current Year 1 Year prior Net
Following are financial data for Syke and Under Shield.
Syke | Under Shield | ||||||||||||
$ millions | Current Year | 1 Year prior | Current Year | 1 Year prior | |||||||||
Net income | $ | 3,572 | $ | 3,135 | $ | 281 | $ | 269 | |||||
Net sales | 30,798 | 29,322 | 5,296 | 4,605 | |||||||||
Total assets | 20,398 | 20,723 | 4,041 | 3,371 | |||||||||
1. Compute the return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Which company more efficiently used its assets in the current year?
Required 1 Required 2 Compute the return on total assets for the current year for (a) Syke and (b) Under Shield. (Do not round i calculations. Round your final answers to 1 decimal place.) a. Syke b. Under Shield Required 1 Required 2 Which company more efficiently used its assets in the current year? More efficiently used in the current year
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