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Return on as Exxon Mobil Corporation (XOM) explores, produces and distributes or adatural gas. The Coca-Cola Company (KO) produces and distributes soft drin beverages including

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Return on as Exxon Mobil Corporation (XOM) explores, produces and distributes or adatural gas. The Coca-Cola Company (KO) produces and distributes soft drin beverages including Coke Walmart Stores, Inc. (WMT) operates will stores and supermarketi 1. The following data (in million) were taken from recent financial statements of each company ExxonMobil Coca-Cola Walmart Net income $19,710 $1.248 $10.523 Total assets at the beginning of the year 330,314 87.270 198,825 Total assets at the end of the year 345.691 87,896 204,522 Compute the return on assets for each company using the preceding data, and rank the companie return on sets from high to lowest. Round the return on assets to one decimal place. Return on Assets Rank Exxon Mob Coca-Cola Walmart 2. All of the following statements regarding the rate of return on assets rankings for bot, wallartand Coca-Cola are the except a. ExxonMobil has the highest rate of return on assets due to the high demand for petroleum-based products b. Walmart and Coca-Cola have approximately the same rates of return on assets primarily Coca-Cola has the lowest rate of return since it's operating in a highly competitive market, as well as the increased demand by consumers for healthy beverage ateratives d. ExxonMobil's operations have the most Choose the correct answer Check My Work Previous Not) Email Instructor Save and Exit Submit Assignment for Grading an s 4 3 5 6 8 E R. . C P D F G J K C V B N M

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