Question
The following information is provided for Oriole Company and Sheffield Corp.: (in $ millions) Oriole Company Sheffield Corp. Net income 2017 $170 $415 Net sales
The following information is provided for Oriole Company and Sheffield Corp.:
(in $ millions)
Oriole Company
Sheffield Corp.
Net income 2017
$170
$415
Net sales 2017
1600
4780
Total assets 12/31/15
1040
2330
Total assets 12/31/16
1285
3050
Total assets 12/31/17
1165
4010
What is Sheffield's return on assets (rounded) for 2017?
11.8%
13.1%
10.3%
13.6%
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
