Question
The following information is provided for Blossom Company and Ayayai Corp.: (in $ millions) Blossom Company Ayayai Corp. Net income 2017 $120 $360 Net sales
The following information is provided for Blossom Company and Ayayai Corp.:
(in $ millions)
Blossom Company
Ayayai Corp.
Net income 2017
$120
$360
Net sales 2017
1470
4870
Total assets 12/31/15
1085
2060
Total assets 12/31/16
1175
3080
Total assets 12/31/17
1150
4030
What is Ayayai's return on assets (rounded) for 2017?
10.1%
10.1%
8.9%
11.7%
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
