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Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 (in millions): 2017 2016 Net revenues
Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 (in millions):
2017 | 2016 | ||||
---|---|---|---|---|---|
Net revenues | $32,176 | $26,968 | |||
Net earnings | 4,458 | 445 | |||
Total assets, end of year | 89,494 | 88,702 | |||
Total assets, beginning of year | 88,702 | 77,527 |
(a) Calculate Suncors asset turnover and return on assets for the two years. (Round asset turnover to 2 decimal places, e.g. 52.76. and return on assets to 1 decimal place, e.g. 52.7.)
December 31, 2017 | December 31, 2016 | ||||
---|---|---|---|---|---|
Asset turnover | enter Asset turnover in times rounded to 2 decimal places | times | enter Asset turnover in times rounded to 2 decimal places | times | |
Return on assets | enter Return on assets in percentages rounded to 1 decimal place | % | enter Return on assets in percentages rounded to 1 decimal place | % |
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