Following are financial data for Syke and Under Shield. Syke Under Shield 1 Year prior $ 3,202 1 Year prior 982 Current Current $ millions Net income Year Year 3,298 28,648 19,274 584 17,296 13,125 Net sales 30,244 21,615 11,414 Total assets 9,134 1. Compute the return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Which company more efficiently used its assets in the current year?

Following are financial data for Syke and Under Shield. Syke Under Shield 1 Year prior $ 3,202 1 Year prior 982 Current Current $ millions Net income Year Year 3,298 28,648 19,274 584 17,296 13,125 Net sales 30,244 21,615 11,414 Total assets 9,134 1. Compute the return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Which company more efficiently used its assets in the current year?

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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