General Accounting The following information is provided for Cullumber Company and BrambleCorp.:(in $ millions)Cullumber Company Bramble Corp.Net income 2017$145$415Net sales 201717554610Total assets 12/31/15 10252330Total assets 12/31/16 12603000Total assets 12/31/17 11504080What is Bramble's return on assets (rounded) for 2017?a. 10.2%b. 11.4%c. 11.7%d. 13.8%

To calculate Bramble Corp.'s return on assets (ROA) for 2017, we use the formula:Return on Assets…

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Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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The following information is provided for Cullumber Company and Bramble Corporation. (in $ millions) Cullumber Company Bramble Corporation Net income 2022 $145 $415 Net sales 2022 1755 4610 Total assets 12/31/20 1025 2330 Total assets 12/31/21 1260 3000 Total assets 12/31/22 1150 4080 What is Bramble's return on assets for 2022? (Round answer to 1 decimal place, e.g. 15.2.) 11.5% 13.8% 10.2% 11.7%
SUBJECT: GENERAL ACCOUNTING
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