For the fiscal years ended December 31, 2016, and December 31, 2015, a company provided the following information (in millions): 2016 2015 Net Revenues 36,246 36,451 Net Earnings 1,650 2,248 Total Assets, end of year 75,334 75,475 Total Assets, beginning of year 75,475 75,300 a) Calculate the company's asset turnover and return on assets for the two years.
For the fiscal years ended December 31, 2016, and December 31, 2015, a company provided the following information (in millions): 2016 2015 Net Revenues 36,246 36,451 Net Earnings 1,650 2,248 Total Assets, end of year 75,334 75,475 Total Assets, beginning of year 75,475 75,300 a) Calculate the company's asset turnover and return on assets for the two years.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accounting Question:
1. For the fiscal years ended December 31, 2016, and December 31, 2015, a company provided the following information (in millions):
| 2016 | 2015 | |
| Net Revenues | 36,246 | 36,451 |
| Net Earnings | 1,650 | 2,248 |
| Total Assets, end of year | 75,334 | 75,475 |
| Total Assets, beginning of year | 75,475 | 75,300 |
a) Calculate the company's asset turnover and return on assets for the two years.
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