Question
Pfizer Inc. has two divisions: Pharmaceuticals and Medical Devices. The following data is available: Division Revenue ($) Operating Income ($) Average Assets ($) Pharmaceuticals $17,000,000
Pfizer Inc. has two divisions: Pharmaceuticals and Medical Devices. The following data is available:
Division | Revenue ($) | Operating Income ($) | Average Assets ($) |
Pharmaceuticals | $17,000,000 | $6,000,000 | $34,000,000 |
Medical Devices | $13,000,000 | $4,000,000 | $27,000,000 |
Calculate the return on assets (ROA) for each division.
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
978-0078025679
