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Exercise 15-17 Return on total assets LO A1 Following are financial data for Syke and Under Shield. $ millions Net income Net sales Total assets
Exercise 15-17 Return on total assets LO A1 Following are financial data for Syke and Under Shield. $ millions Net income Net sales Total assets Syke Current 1 Year Year prior $ 3,402 $ 3,413 29,671 32,332 20,061 23, 172 Under Shield 1 Year Current Year prior $ 743 $ 1,348 14,618 23,837 11,768 18, 202 1. Compute the return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Which company more efficiently used its assets in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the return on total assets for the current year for (a) Syke and (b) Under Shield. (Do not round intermediate calculations. Round your final answers to 1 decimal place.) a. Syke % b. Under Shield % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Which company more efficiently used its assets in the current year? More efficiently used in the current year
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