Question
Home Demo reported the following results. Sales $ 95 billion Net income $ 12 billion Average total assets $ 74 billion (a) Compute Home Demo's
Home Demo reported the following results.
| Sales | $ 95 | billion |
|---|---|---|
| Net income | $ 12 | billion |
| Average total assets | $ 74 | billion |
(a) Compute Home Demo's return on assets.
(b) Is Home Demo's return on assets better than the 8% return of Lows Hardware (a competitor)?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
