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?
14.3%
11.0%
13.4%
12.4%
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
