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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hello tutor please provide this question solution general accounting
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8853a91e-fbfa-46c0-b1a5-4b6299b79d02%2F62e0dd4d-f926-4e2c-9a62-e414aef267a2%2Fv6ex4x4_processed.jpeg&w=3840&q=75)
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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