he following information is available from the annual reports of Blossom Company and Crane Company. (Amounts in millions) Blossom Crane Net Income $1,824 $2,413 Sales 43,035 64,239 Total Assets (average) 40,242 68,704 Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.) BlossomCrane1. Asset turnover ratio enter the asset turnover rounded to 1 decimal placetimesenter the asset turnover rounded to 1 decimal placetimes2. Return on assets enter the return on assets in percentages rounded to 2 decimal places%enter the return on assets in percentages rounded to 2 decimal places%
he following information is available from the annual reports of Blossom Company and Crane Company. (Amounts in millions) Blossom Crane Net Income $1,824 $2,413 Sales 43,035 64,239 Total Assets (average) 40,242 68,704 Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.) BlossomCrane1. Asset turnover ratio enter the asset turnover rounded to 1 decimal placetimesenter the asset turnover rounded to 1 decimal placetimes2. Return on assets enter the return on assets in percentages rounded to 2 decimal places%enter the return on assets in percentages rounded to 2 decimal places%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The following information is available from the annual reports of Blossom Company and Crane Company.
| (Amounts in millions) | |||||
|---|---|---|---|---|---|
| Blossom | Crane | ||||
|
Net Income
|
$1,824 | $2,413 | |||
|
Sales
|
43,035 | 64,239 | |||
|
Total Assets (average)
|
40,242 | 68,704 |
Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and
BlossomCrane1.
Asset turnover ratio
enter the asset turnover rounded to 1 decimal placetimesenter the asset turnover rounded to 1 decimal placetimes2.
Return on assets
enter the return on assets in percentages rounded to 2 decimal places%enter the return on assets in percentages rounded to 2 decimal places%
Transcribed Image Text:The following information is available from the annual reports of Blossom Company and Crane Company.
(Amounts in millions)
Blossom
Crane
Net Income
$1,824
$2,413
Sales
43,035
64,239
Total Assets (average)
40,242
68,704
Based on the preceding information, compute the following values for each company: (Round asset turnover
2 de
mal places,
e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.)
Blossom
Crane
1. Asset turnover ratio
times
times
2. Return on assets
%
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