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Zoogle has the following selected data ($ in millions): Net sales Net income Operating cash flows Total assets, beginning Total assets, ending $24,451 6,600
Zoogle has the following selected data ($ in millions): Net sales Net income Operating cash flows Total assets, beginning Total assets, ending $24,451 6,600 9,324 39,768 48,497 Required: 1. Calculate the return on assets. 2. Calculate the cash return on assets. 3. Calculate the cash flow to sales ratio and the asset turnover ratio.
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To calculate the requested financial ratios we will use the following formulas 1 Return on Assets RO...
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Financial Accounting
Authors: David Spiceland, Wayne Thomas, Don Herrmann
4th edition
1259307956, 978-1259307959
