Key Figures (5 millions) AT&T Vertzon Sales ... $126,723 $110,875 Net Income . 4,184 10,198 Average assets 269,868 225,233
Key Figures (5 millions) AT&T Vertzon Sales ... $126,723 $110,875 Net Income . 4,184 10,198 Average assets 269,868 225,233
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
AT&T and Verizon produce and market telecommunications products and are competitors. Key financial figures for these businesses for a recent year follow.Compute return on assets for (a) AT&T and (b) Verizon.

Transcribed Image Text:Key Figures (5 millions)
AT&T
Vertzon
Sales ...
$126,723
$110,875
Net Income .
4,184
10,198
Average assets
269,868
225,233
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