In 2010, Kraft Foods Corporation reported average total assets of $7,420 million, net sales of $9,200 million, and net income of $862 million. What was Kraft Foods' return on assets ratio?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...
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In 2010, Kraft Foods Corporation reported average total assets of
$7,420 million, net sales of $9,200 million, and net income of $862
million. What was Kraft Foods' return on assets ratio?
Transcribed Image Text:In 2010, Kraft Foods Corporation reported average total assets of $7,420 million, net sales of $9,200 million, and net income of $862 million. What was Kraft Foods' return on assets ratio?
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