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If the company's total assets are $95,676 in 2014, calculate the companys (a) return on assets (round to one decimal point) and (b) asset turnover
If the company's total assets are $95,676 in 2014, calculate the companys (a) return on assets (round to one decimal point) and (b) asset turnover for 2015 and 2016 (round to two decimal points).
Question 6 Partially correct Mark 0.50 out of 2.00 P Flag question Edit question Return on Assets Ratio and Asset Turnover Ratio Campo Systems reported the following financial data (in millions) in its annual report: 2015 2016 Net Income $12,052 $10,134 Net Sales 79,540 76,117 Total Assets 98,734 108,128 If the company's total assets are $95,676 in 2014, calculate the company's (a) return on assets (round to one decimal point) and (b) asset turnover for 2015 and 2016 (round to two decimal points). 2015 2016 8.2 % x 12 % X a. Return on Assets Ratio b. Asset Turnover Ratio 0.82 0.18 XStep by Step Solution
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