Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Shown are selected data from the 2015 annual report of CVS Health, a large drugstore chain. (Dollar amounts are in millions.) (Round your percentage answers
Shown are selected data from the 2015 annual report of CVS Health, a large drugstore chain. (Dollar amounts are in millions.) (Round your percentage answers to 1 decimal places. i.e. 0.123 as 12.3%.)
Beginning of the Year | End of the Year | ||||||
Total assets | $ | 74,187 | $ | 93,657 | |||
Total stockholders' equity | 37,963 | 37,203 | |||||
Operating income | 9,454 | ||||||
Net income | 5,239 | ||||||
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.
a.Return on assets % b.Return on equity%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started