Question
Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending total assets of $30.00 billion, net sales of
Suppose in its 2022 annual report thatMcDonald's Corporationreports beginning total assets of $29.00 billion, ending total assets of $30.00 billion, net sales of $20.65 billion, and net income of $4.13 billion.
(a) Compute McDonald's return on assets.(Round return on assets to 2 decimal places, e.g. 5.12%.)
McDonald's return on assetsEnter McDonald's return on assets in percentages rounded to 2 decimal places
%
(b) Compute McDonald's asset turnover.(Round asset turnover to 2 decimal places, e.g. 5.12.)
McDonald's asset turnoverEnter McDonald's asset turnover rounded to 2 decimal places
times
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