Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part C (40 points) Selected information taken from the 2014 annual report of Aardvark Company follows. During 2014, the company had no nonoperating or nonrecurring

Part C (40 points)

Selected information taken from the 2014 annual report of Aardvark Company follows. During 2014, the company had no nonoperating or nonrecurring items included in income and had no outstanding preferred stock.

($ in millions)

2014

2013

Sales

$19,903

$18,781

Interest expense

130

169

Net income

1,153

1,088

Total assets

12,673

12,461

Dividends

(153)

(131)

Total stockholders' equity

$4,288

$4,007

Assumed tax rate

35%

35%

Industry ROA

7.32%

Industry operating profit margin

6.1%

For 2014, calculate:

ROA

ROCE

Operating profit margin

Asset turnover.

Round your percentage answers to one decimal place. For example, .1234 = 12.3%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Accounting For Windows

Authors: Dale A. Klooster, Warren Allen

6th Edition

0324664850, 9780324664850

More Books

Students also viewed these Accounting questions

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago