Question
The following information is available from the audited financial statements of Molson Coors Brewing Company and Big Rock Breweries Income Trust for their recent year
The following information is available from the audited financial statements of Molson Coors Brewing Company and Big Rock Breweries Income Trust for their recent year ends.
Molson/Coors (in millions of US dollars) Big Rock Breweries (in thousands of Cdn dollars) Net Sales $ 5,844 $ 38,701 Profit $ 373 $ 8,380 Total assets, ending $ 11,603 $ 42,170 Total assets, beginning $ 11,799 $ 41,786
Instructions:
a) Calculate both companies' asset turnover and return on assets ratios. b) Compare the companies' effectiveness in using their assets to produce sales and profit.
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