Question
The following information is provided for Sandhill Co. and Monty Corp.: (in $ millions) Sandhill Co. Monty Corp. Net income 2017 $135 $370 Net sales
The following information is provided for Sandhill Co. and Monty Corp.:
(in $ millions)
Sandhill Co.
Monty Corp.
Net income 2017
$135
$370
Net sales 2017
1295
4620
Total assets 12/31/15
1005
2390
Total assets 12/31/16
1065
3090
Total assets 12/31/17
1150
4100
What is Monty's return on assets (rounded) for 2017?
10.3%
9.0%
12.0%
12.6%
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
1119403995, 9781119403999
