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The following information is provided for Oriole Company and Cheyenne Corp.: Oriole Company (in $ millions) Cheyenne Corp. (in $ millions) Net income 2017 $150 Net sales 2017 1345 Total assets 1090 12/31/15 Total assets 1260 12/31/16 Total assets 1190 12/31/17 What is Cheyenne's return on assets for 2017? a.10.1% b.11.5% c.11.8% d.13.4% $405 4770 2150 3030 4000

The following information is provided for Oriole Company and Cheyenne Corp.: Oriole Company (in $ millions) Cheyenne Corp. (in $ millions) Net income 2017 $150 Net sales 2017 1345 Total assets 1090 12/31/15 Total assets 1260 12/31/16 Total assets 1190 12/31/17 What is Cheyenne's return on assets for 2017? a.10.1% b.11.5% c.11.8% d.13.4% $405 4770 2150 3030 4000

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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The following information is provided for Oriole Company and Cheyenne Corp.: Oriole Company (in $ millions) Cheyenne Corp. (in $ millions) Net income 2017 $150 Net sales 2017 1345 Total assets 1090 12/31/15 Total assets 1260 12/31/16 Total assets 1190 12/31/17 What is Cheyenne's return on assets for 2017? a.10.1% b.11.5% c.11.8% d.13.4% $405 4770 2150 3030 4000
Transcribed Image Text:The following information is provided for Oriole Company and Cheyenne Corp.: Oriole Company (in $ millions) Cheyenne Corp. (in $ millions) Net income 2017 $150 Net sales 2017 1345 Total assets 1090 12/31/15 Total assets 1260 12/31/16 Total assets 1190 12/31/17 What is Cheyenne's return on assets for 2017? a.10.1% b.11.5% c.11.8% d.13.4% $405 4770 2150 3030 4000
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