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International Genetic Technologies (InGen) and The Resources Development Association (RDA) are companies involved in cutting- edge genetics research. Selected financial data for (InGen) and
International Genetic Technologies (InGen) and The Resources Development Association (RDA) are companies involved in cutting- edge genetics research. Selected financial data for (InGen) and (RDA) are provided below: ($ in millions) Net sales Net income Operating cash flows Total assets, beginning Total assets, ending Required: InGen $172,245 RDA $136,916 10,335 20,670 15,050 19,635 248,400 168,452 117,661 151,433 1. Calculate the return on assets for both companies. 2. Calculate the cash return on assets for both companies 3. Calculate the cash flow to sales ratio and the asset turnover ratio for both companies. 4. Which company has the more favorable ratios? (For all requirements, round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the return on assets for both companies. ($ in millions) Return on Assets Numerator/Denominator InGen RDA Amounts Required 2 >
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