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Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 (in millions): Net revenues Net earnings Total assets, end of year 2017 2016 $32,176 $26,968 $4,458 $445 $89,494 $88,702 Total assets, beginning of year $88,702 $77,527 Calculate Suncor's asset turnover and return on assets for the two years.

Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 (in millions): Net revenues Net earnings Total assets, end of year 2017 2016 $32,176 $26,968 $4,458 $445 $89,494 $88,702 Total assets, beginning of year $88,702 $77,527 Calculate Suncor's asset turnover and return on assets for the two years.

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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Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 (in millions): Net revenues Net earnings Total assets, end of year 2017 2016 $32,176 $26,968 $4,458 $445 $89,494 $88,702 Total assets, beginning of year $88,702 $77,527 Calculate Suncor's asset turnover and return on assets for the two years.
Transcribed Image Text:Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 (in millions): Net revenues Net earnings Total assets, end of year 2017 2016 $32,176 $26,968 $4,458 $445 $89,494 $88,702 Total assets, beginning of year $88,702 $77,527 Calculate Suncor's asset turnover and return on assets for the two years.
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