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Provided below are financial data for Integrated Devices Inc. and Allied Corporation. Current Year Prior Year Integrated Devices Inc. Net sales $ 900,000 $ 750,000
Provided below are financial data for Integrated Devices Inc. and Allied Corporation.
Current Year | Prior Year | ||||||
Integrated Devices Inc. | |||||||
Net sales | $ | 900,000 | $ | 750,000 | |||
Net income | 180,000 | 120,000 | |||||
Operating cash flows | 150,000 | 100,000 | |||||
Total assets | 800,000 | 600,000 | |||||
Allied Corporation | |||||||
Net sales | $ | 500,000 | $ | 400,000 | |||
Net income | 90,000 | 80,000 | |||||
Operating cash flows | 120,000 | 100,000 | |||||
Total assets | 750,000 | 500,000 | |||||
Which company had a higher cash return on assets in the current year?
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Allied Corporation with 19.2%
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Integrated Devices with 21.4%
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Allied Corporation with 24.1%
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Integrated Devices with 18.8%
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