Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Zoogle has the following selected data ($ in millions): Net sales $24,051 Net income 6,560 Operating cash flows 9,320 Total assets, beginning 35,768 Total assets,

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Zoogle has the following selected data ($ in millions):

Net sales $24,051
Net income 6,560
Operating cash flows 9,320
Total assets, beginning 35,768
Total assets, ending 44,497

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.

Exercise 11-14 (Algo) Calculate financial ratios (LO11-6) Zoogle has the following selected data (\$ in millions): 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. Complete this question by entering your answers in the tabs below. Calculate the return on assets. (Round your answers to 2 decimal places. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) Complete this question by entering your answers in the tabs below. Calculate the cash return on assets. (Round your answers to 2 decimal places. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) Complete this question by entering your answers in the tabs below. Calculate the cash flow to sales ratio and the asset turnover ratio. (Round your answers to 2 decimal places. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information For Decision Making Readings In Cost And Managerial Accounting

Authors: Alfred Rappaport

3rd Edition

0134643542, 978-0134643540

More Books

Students also viewed these Accounting questions

Question

=+a) Create a run chart for the baseballs circumferences.

Answered: 1 week ago