Exercise 14.6 (Static) ROI (LO14-6) Shown are selected data from a recent annual report of CVS Health, a large drugstore chain. (Dollar amounts are in millions.) Total assets Beginning of the Year $ 94,462 Total stockholders' equity 36,834 Operating income End of the Year $ 95,131 37,695 9,517 Net income Required: 6,623 a. Compute for the year CVS Health's return on average total assets. b. Compute for the year CVS Health's return on average total stockholders' equity. Note: For all requirements, round percentage computations to two decimal places. a. Return assets % b. Return on equity %

Exercise 14.6 (Static) ROI (LO14-6) Shown are selected data from a recent annual report of CVS Health, a large drugstore chain. (Dollar amounts are in millions.) Total assets Beginning of the Year $ 94,462 Total stockholders' equity 36,834 Operating income End of the Year $ 95,131 37,695 9,517 Net income Required: 6,623 a. Compute for the year CVS Health's return on average total assets. b. Compute for the year CVS Health's return on average total stockholders' equity. Note: For all requirements, round percentage computations to two decimal places. a. Return assets % b. Return on equity %

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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