Question
Shown are selected data from a recent annual report of CVS Health, a large drugstore chain. (Dollar amounts are in millions.) Beginning of the Year
Shown are selected data from a recent annual report of CVS Health, a large drugstore chain. (Dollar amounts are in millions.) Beginning of the Year End of the Year Total assets $ 94,462 $ 95,131 Total stockholders' equity 36,834 37,695 Operating income 9,517 Net income 6,623 a. Compute for the year CVS Health's return on average total assets. b. Compute for the year CVS Healths return on average total stockholders equity. (Do not round intermediate calculations. Round your percentage answers to 2 decimal places. i.e. 0.1234 as 12.34%.)
a.Return on assets%
b.Return on equity%
please make sure you round correctly
Selected information from the financial statements of Remmer, Inc., includes the following.
Year 2 | Year 1 | ||||||
Net sales | $ | 2,200,000 | $ | 2,000,000 | |||
Total expenses | 2,005,000 | 1,800,000 | |||||
a-1. Compute the percentage change in year 2 for the amounts of net sales.
a-2. Compute the percentage change in year 2 for the amounts of total expenses.
b-1. State whether the following statement is true or false; Net income increased at a greater percentage rate than did net sales.
Req A-1
Compute the percentage change in year 2 for the amounts of net sales.
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Req-A2
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