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Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $23 billion, ending total assets of $17 billion, net sales of
Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $23 billion, ending total assets of $17 billion, net sales of $24 billion, and net income of $5 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, eg. 5.12.) times McDonald's asset turnover
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