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