Question
McDonalds Corporation (MCD) reported the following balance sheet and income statement data for two recent years: (amounts are in $ millions) Total assets Net Income
McDonalds Corporation (MCD) reported the following balance sheet and income statement data for two recent years: (amounts are in $ millions)
Total assets Net Income Sales Year 1: $33,803.70 $5,192.30 $22,820.40 Year 2: $32,811.20 $6,062.05 $21,925.20
What was McDonalds asset turnover ratio for Year 2? Enter your answer as a percentage rounded to one decimal place, but do NOT include the percentage sign (%) (example: If your calculator displays 0.23456, type your answer as 23.5)
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How To Start And Run Your Business The Right Way A Guide To Protecting You And Your Business From Lawsuits And Audits
Authors: Michael Bowman Esq.
1st Edition
1732473110, 978-1732473119
