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Use the financial statements below to calculate the firm's return on assets: Balance Sheet (Millions of $) Assets $ 1,554.0 9,660.0 13.440.0 $24,654.0 17.346.0 $42.000.0
Use the financial statements below to calculate the firm's return on assets: Balance Sheet (Millions of $) Assets $ 1,554.0 9,660.0 13.440.0 $24,654.0 17.346.0 $42.000.0 Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity $ 7,980.0 5,880.0 4.620.0 $18,480.0 10.920.0 $29,400.0 3,360.0 9,240.0 $12,600.0 $42.000.0 $58,800.0 Income Statement (Millions of $) Net sales Operating costs except depr'n Depreciation Earnings befint and taxes (EBIT) Less interest Earnings before taxes (EBT) $54,978.0 $ 1.029.0 $ 2,793.0 1,050.0 $ 1,743.0 S 610.1 $1,133.0 Taxes Net income Other data: Shares outstanding (millions) Common dividends Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 175.00 S 509.83 6.25% 35% $ 77.69 Select one: O A. 2.70% OB.3.95% O C. 2.97% OD. 3.26% O E. 3.59%
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