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The following information is provided for Ivanhoe Company and Bridgeport Corp.: (in $ millions) Ivanhoe Company Bridgeport Corp. Net income 2017 $130 $420 Net sales
The following information is provided for Ivanhoe Company and Bridgeport Corp.:
(in $ millions)
Ivanhoe Company Bridgeport Corp.
Net income 2017 $130 $420
Net sales 2017 1510 4780
Total assets 12/31/15 1095 2190
Total assets 12/31/16 1170 3060
Total assets 12/31/17 1200 4050
What is Bridgeport's return on assets (rounded) for 2017?
(a) 10.4%
(b) 13.7%
(c) 11.8%
(d) 11.0%
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