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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 Required: 1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.) Cola Company return t Pop Company return Cola Company Pop Company $ 44,443 $ 63,186 8,906 73,000 6,767 67,000 $ $ Numerator: Average total assets Return on Assets 1 Denominator: /Net income . W. Return on Assets Return on assets 0 0

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 Required: 1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.) Cola Company return t Pop Company return Cola Company Pop Company $ 44,443 $ 63,186 8,906 73,000 6,767 67,000 $ $ Numerator: Average total assets Return on Assets 1 Denominator: /Net income . W. Return on Assets Return on assets 0 0

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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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 $ 44,443 $ 63,186 8,906 73,000 Cola Company return t Pop Company return Required: 1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.) Numerator: 6,767 67,000 Average total assets $ $ Return on Assets 1 Denominator: /Net income M W W Return on Assets Return on assets 0 0
Transcribed Image Text: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 $ 44,443 $ 63,186 8,906 73,000 Cola Company return t Pop Company return Required: 1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.) Numerator: 6,767 67,000 Average total assets $ $ Return on Assets 1 Denominator: /Net income M W W Return on Assets Return on assets 0 0
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