Question
The following information is provided for Cullumber Company and Bramble Corp.: (in $ millions) Cullumber Company Bramble Corp. Net income 2017 $145 $415 Net sales
The following information is provided for Cullumber Company and Bramble Corp.:
(in $ millions)
Cullumber Company
Bramble Corp.
Net income 2017
$145
$415
Net sales 2017
1755
4610
Total assets 12/31/15
1025
2330
Total assets 12/31/16
1260
3000
Total assets 12/31/17
1150
4080
What is Bramble's return on assets (rounded) for 2017?
10.2%
11.4%
11.7%
13.8%
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
