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Computing Return on Equity and Return on Assets The following table reports financial statement information for Meta (Facebook's parent company). $ millions Total Assets Net Income Sales Equity FY3 FY2 $482,890 $431,566 $60,320 $303,183 $326,854 $102,362 $306,615 $324,685 FY1 $414,222 $67,980 $223,509 $333,554 Required a. Compute the following ratios for the two most recent years. NOTE: Round any intermediate calculations to the nearest whole dollar amount. Ratios Numerator Denominator Return on equity (ROE) Result FY3 FY2 Return on assets (ROA) FY3 FY2 Profit margin (PM) FY3 FY2 Asset turnover (AT) FY3 FY2 $ $ 96 96 $ $ 96 96 $ $ 96 96 b. Which of the following best explains the change in ROA during FY3? Check

Computing Return on Equity and Return on Assets The following table reports financial statement information for Meta (Facebook's parent company). $ millions Total Assets Net Income Sales Equity FY3 FY2 $482,890 $431,566 $60,320 $303,183 $326,854 $102,362 $306,615 $324,685 FY1 $414,222 $67,980 $223,509 $333,554 Required a. Compute the following ratios for the two most recent years. NOTE: Round any intermediate calculations to the nearest whole dollar amount. Ratios Numerator Denominator Return on equity (ROE) Result FY3 FY2 Return on assets (ROA) FY3 FY2 Profit margin (PM) FY3 FY2 Asset turnover (AT) FY3 FY2 $ $ 96 96 $ $ 96 96 $ $ 96 96 b. Which of the following best explains the change in ROA during FY3? Check

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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Computing Return on Equity and Return on Assets The following table reports financial statement information for Meta (Facebook's parent company). $ millions Total Assets Net Income Sales Equity FY3 FY2 $482,890 $431,566 $60,320 $303,183 $326,854 $102,362 $306,615 $324,685 FY1 $414,222 $67,980 $223,509 $333,554 Required a. Compute the following ratios for the two most recent years. NOTE: Round any intermediate calculations to the nearest whole dollar amount. Ratios Numerator Denominator Return on equity (ROE) Result FY3 FY2 Return on assets (ROA) FY3 FY2 Profit margin (PM) FY3 FY2 Asset turnover (AT) FY3 FY2 $ $ 96 96 $ $ 96 96 $ $ 96 96 b. Which of the following best explains the change in ROA during FY3? Check
Transcribed Image Text:Computing Return on Equity and Return on Assets The following table reports financial statement information for Meta (Facebook's parent company). $ millions Total Assets Net Income Sales Equity FY3 FY2 $482,890 $431,566 $60,320 $303,183 $326,854 $102,362 $306,615 $324,685 FY1 $414,222 $67,980 $223,509 $333,554 Required a. Compute the following ratios for the two most recent years. NOTE: Round any intermediate calculations to the nearest whole dollar amount. Ratios Numerator Denominator Return on equity (ROE) Result FY3 FY2 Return on assets (ROA) FY3 FY2 Profit margin (PM) FY3 FY2 Asset turnover (AT) FY3 FY2 $ $ 96 96 $ $ 96 96 $ $ 96 96 b. Which of the following best explains the change in ROA during FY3? Check
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