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The following information is provided for Tiger Tech Inc. and Panther Corp.: (In $ millions) Tiger Tech Inc. Panther Corp. Net Income 2017 $250 $480 Net Sales 2017 $1,850 $5,200 Total Assets 12/31/16 $1,500 $3,600 Total Assets 12/31/17 $1,600 $4,200 What is Panther's return on assets (rounded) for 2017?

The following information is provided for Tiger Tech Inc. and Panther Corp.: (In $ millions) Tiger Tech Inc. Panther Corp. Net Income 2017 $250 $480 Net Sales 2017 $1,850 $5,200 Total Assets 12/31/16 $1,500 $3,600 Total Assets 12/31/17 $1,600 $4,200 What is Panther's return on assets (rounded) for 2017?

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 Tiger Tech Inc. and Panther Corp.: (In $ millions) Tiger Tech Inc. Panther Corp. Net Income 2017 $250 $480 Net Sales 2017 $1,850 $5,200 Total Assets 12/31/16 $1,500 $3,600 Total Assets 12/31/17 $1,600 $4,200 What is Panther's return on assets (rounded) for 2017?
Transcribed Image Text:The following information is provided for Tiger Tech Inc. and Panther Corp.: (In $ millions) Tiger Tech Inc. Panther Corp. Net Income 2017 $250 $480 Net Sales 2017 $1,850 $5,200 Total Assets 12/31/16 $1,500 $3,600 Total Assets 12/31/17 $1,600 $4,200 What is Panther's return on assets (rounded) for 2017?
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