Question
The following information is provided for Pharoah Company and Whispering Winds Corp.. (in $ millions) Pharoah Company Whispering Winds Corp. Net income 2017 $170 $445
The following information is provided for Pharoah Company and Whispering Winds Corp..
| (in $ millions) | Pharoah Company | Whispering Winds Corp. |
|---|---|---|
| Net income 2017 | $170 | $445 |
| Net sales 2017 | 1715 | 4560 |
| Total assets 12/31/15 | 1020 | 2080 |
| Total assets 12/31/16 | 1255 | 3110 |
| Total assets 12/31/17 | 1185 | 4060 |
What is Whispering Winds's return on assets (rounded) for 2017?
A. 13.4
B. 14.3
C. 12.4
D. 11.0
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Expert Witnessing In Forensic Accounting
Authors: Thomas A. Buckhoff
1st Edition
9781930217140, 1930217145
