Want answer The following information is provided for Fremont Inc. and Morgan Group:Fremont Inc. Morgan Group(in $ millions)Net income 2018$250$500Net sales 20182,0005,000Total assets 12/31/161,3002,800Total assets 12/31/171,5003,400Total assets 12/31/181,7004,200Investment in other firms $50$100What is Morgan Group's return on assets (rounded) for 2018?a. 10.9%b. 12.5%c. 11.8%d. 13.1%e. 9.6%f. 11.3%

Step 1: Calculation of return on assets for 2018.Average total assets = (Total assets 2018 + Total…

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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 Oceanic Ventures and Pinnacle Holdings: (in $ millions) Oceanic Ventures Pinnacle Holdings Net income 2021 $280 $640 Net sales 2021 3,500 7,200 Total assets 12/31/19 2,400 4,600 Total assets 12/31/20 2,700 5,000 Total assets 12/31/21 3,000 5,500 Capital expenditures $150 $300 What is Pinnacle Holdings' return on assets (rounded) for 2021?
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The following is the excerpt of financial information of SVT Corporation on December 31, 2022: Account Amount Gross profit P5,000,000.00 Operating Expense 120,000.00 Other expense 300,000.00 Income Tax expense 50,000.00 Current Assets 450,000.00 Non-current assets 7,000,000.00 Total Liabilities 750,000.00 What percent is SVT Corporation's return on asset on December 31, 2022? 67.61% cannot be determined 64.71% D 60.8%

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