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Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these businesses for a recent year follow: Key Figures ($ millions) Sales Net income Average assets Cola Company Pop Company $ 49,313 $ 70,731 10,530 81,000 Cola Company return Pop Company return Required: 1. Compute return on assets for Cola Company and Pop Company. Note: Enter values in $ millions. Numerator: 8,175 75,000 + Return on Assets Denominator: = = 11 = Return on Assets Return on assets

Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these businesses for a recent year follow: Key Figures ($ millions) Sales Net income Average assets Cola Company Pop Company $ 49,313 $ 70,731 10,530 81,000 Cola Company return Pop Company return Required: 1. Compute return on assets for Cola Company and Pop Company. Note: Enter values in $ millions. Numerator: 8,175 75,000 + Return on Assets Denominator: = = 11 = Return on Assets Return on assets

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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zto.mh M o Prob Key Figures ($ millions) Sales Net income Average assets Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these businesses for a recent year follow: 3 E ege Cola Company return Pop Company return Required: 1. Compute return on assets for Cola Company and Pop Company. Note: Enter values in $ millions. R Cola Company Pop Company $ 49,313 $ 70,731 10,530 81,000 Numerator: 5 5 + + 8,175 75,000 + 6 Return on Assets Denominator: & m 7 = = = Return on Assets Return on assets Prisen Sa 8
Transcribed Image Text:zto.mh M o Prob Key Figures ($ millions) Sales Net income Average assets Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these businesses for a recent year follow: 3 E ege Cola Company return Pop Company return Required: 1. Compute return on assets for Cola Company and Pop Company. Note: Enter values in $ millions. R Cola Company Pop Company $ 49,313 $ 70,731 10,530 81,000 Numerator: 5 5 + + 8,175 75,000 + 6 Return on Assets Denominator: & m 7 = = = Return on Assets Return on assets Prisen Sa 8
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