Exercise C-19 (Algo) Return on total assets LO A1 Following are financial data for Syke and Under Shield. Syke Under Shield $ millions Net income Current Year Net sales $ 3,258 28,162 Total assets 18,721 1 Year prior $ 2,929 27,454 19,460 Current Year 1 Year prior $ 326 $ 394 6,224 6,822 4,851 5,044 1. Compute return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Compute both profit margin and total asset turnover for the current year for (a) Syke and (b) Under Sh 3. Which company more efficiently used its assets in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 2 Compute return on total assets for the current year for (a) Syke and (b) Under Shield. (Do not round interme calculations. Round your final answers to 1 decimal place.) Return on Total Assets (ROA) (a) Syke (b) Under Shield % % Required 1 Required 2 >

Exercise C-19 (Algo) Return on total assets LO A1 Following are financial data for Syke and Under Shield. Syke Under Shield $ millions Net income Current Year Net sales $ 3,258 28,162 Total assets 18,721 1 Year prior $ 2,929 27,454 19,460 Current Year 1 Year prior $ 326 $ 394 6,224 6,822 4,851 5,044 1. Compute return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Compute both profit margin and total asset turnover for the current year for (a) Syke and (b) Under Sh 3. Which company more efficiently used its assets in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 2 Compute return on total assets for the current year for (a) Syke and (b) Under Shield. (Do not round interme calculations. Round your final answers to 1 decimal place.) Return on Total Assets (ROA) (a) Syke (b) Under Shield % % Required 1 Required 2 >

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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