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Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net income. Net sales.. Total assets $21,500 49,540 68,734 $16,134 52,250 78,128 If the company's total assets are $65,676 in 2017, calculate the company's (a) retum on assets and (b) asset tumover for 2015 and 2016.

Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net income. Net sales.. Total assets $21,500 49,540 68,734 $16,134 52,250 78,128 If the company's total assets are $65,676 in 2017, calculate the company's (a) retum on assets and (b) asset tumover for 2015 and 2016.

FINANCIAL ACCOUNTING
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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Please solve the question sub-division b alone.

Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net income. Net sales.. Total assets $21,500 49,540 68,734 $16,134 52,250 78,128 ... If the company's total assets are $65,676 in 2017, calculate the company's (a) retum on assets and (b) asset tumover for 2015 and 2016.
Transcribed Image Text:Return on Assets Ratio and Asset Turnover Ratio United Systems reported the following financial data (in millions) in its annual report: 2018 2019 Net income. Net sales.. Total assets $21,500 49,540 68,734 $16,134 52,250 78,128 ... If the company's total assets are $65,676 in 2017, calculate the company's (a) retum on assets and (b) asset tumover for 2015 and 2016.
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