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Suppose in its 2017 annual report that McDonald's Corporation reports beginning total assets of $28.46 billion, ending total assets of $30.22 billion, net sales of
Suppose in its 2017 annual report thatMcDonald's Corporationreports beginning total assets of $28.46 billion, ending total assets of $30.22 billion, net sales of $22.74 billion, and net income of $4.55 billion.
(a)Compute McDonald's return on assets.(Round return on assets to 2 decimal places, e.g. 5.12%.)
McDonald's return on assets
%
(b)Compute McDonald's asset turnover.(Round asset turnover to 2 decimal places, e.g. 5.12.)
McDonald's asset turnover
times
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