Question
The following information is provided for Ivanhoe Company and Sarasota Corp.: (in $ millions) Ivanhoe Company Sarasota Corp. Net income 2017 $170 $350 Net sales
The following information is provided for Ivanhoe Company and Sarasota Corp.:
(in $ millions)
Ivanhoe Company
Sarasota Corp.
Net income 2017
$170
$350
Net sales 2017
1790
4790
Total assets 12/31/15
1075
2340
Total assets 12/31/16
1285
3150
Total assets 12/31/17
1195
4070
What is Sarasota's return on assets (rounded) for 2017?
11.1%
9.7%
13.1%
8.6%
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
9th edition
9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021
