The following information is provided for oriole company solve this question The following information is provided for Oriole Company and Cheyenne Corp.:Oriole Company (in $ millions) Cheyenne Corp. (in $ millions)Net income 2017$150Net sales 20171345Totalassets109012/31/15Totalassets126012/31/16Totalassets119012/31/17What is Cheyenne's return on assets for 2017?a.10.1%b.11.5%c.11.8%d.13.4%$4054770215030304000

The problem requires the determination of the return on assets. Return on assets (ROA) is a ratio…

Answered: The following information is provided…

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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The following information is provided for Company A and Company B. (in $ millions) Net income 2028 Net sales 2028 Total assets 12/31/26 Total assets 12/31/27 Total assets 12/31/28 What is Company B's return on assets for 2028? OA) 14.0% OB) 10.5% OC) 12.0% Company A $165 1,650 1,000 1,050 1,150 OD) 15.6% Company B $ 420 4,900 2,400 3,000 4,000
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Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $ 1,800.0 $ 1,500.0 Operating costs excluding depreciation and amortization 1,395.0 1,275.0 EBITDA $ 405.0 $ 225.0 Depreciation and amortization 43.0 39.0 Earnings before interest and taxes (EBIT) $ 362.0 $ 186.0 Interest 40.0 33.0 Earnings before taxes (EBT) $ 322.0 $ 153.0 Taxes (40%) 128.8 61.2 Net income $ 193.2 $ 91.8 Common dividends $ 174.0 $ 73.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash and equivalents $ 23.0 $ 18.0 Accounts receivable 248.0 225.0 Inventories 396.0 360.0 Total current assets $ 667.0 $ 603.0 Net plant and equipment 429.0 390.0 Total assets $ 1,096.0 $ 993.0 Liabilities and Equity Accounts…
RFT Corporation 2018 Statement of comprehensive income ($ in millions) Sales $10,850 Costs of goods sold $8,410 Depreciation $190 EBIT $2,250 Interest $ 165 EBT $2,085 Taxes $710 Net income $1,375 Dividends paid $300 Addition to retained earnings $ 1,075 RFT Corporation Statement of financial position Years ended 2017 and 2018 ($ in millions ) 2017 2018 2017 2018 Cash $980 $960 Accounts payable $950 $730 Accounts rec. $950 $880 Notes payable $40 $150 Inventory $2,120 $1,750 Total $990 $ 880 Total $5,050 $3,590 Long-term debt $2,225 $100 Fixed assets $1,700 $2,540 Common stock $2,030 $ 3,570 Retained earnings $505 $1,580 Total assets $ 5,750 $6,130 Total liabilities and Owner's equity $5,750 $6, 130 During 2018, the quick ratio: Question 22 options: Increased. Decreased. Remained constant. Changed, but the direction of the change cannot be determined. None of the choices are correct.
Return on Assets Ratio and Asset Turnover Ratio Northern Systems reported the following financlal data (in millions) In its annual report: 2018 2019 Net Income $9,050 $7.500 Net Sales 52,350 37,200 Total Assets 58,734 68,128 If the company's total assets are $55,676 in 2017, calculate the company's: (a) return on assets (round answers to one decimal place - ex: 10.79%6) (b) asset turnover for 2018 and 2019 (round answers to two decimal places) 2018 2019 a. Return on Assets Ratio 96 96 b. Asset Turnover Ratio Check O Prevlous Save Answers
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