The following information is provided for Sandhill Company and Indigo Corporation. (in $ millions) Sandhill Company Indigo Corporation Net income 2022 $125 $375 Net sales 2022 1540 4500 Total assets 12/31/20 1045 2010 Total assets 12/31/21 1220 3150 Total assets 12/31/22 1175 4070 What is Indigo's return on assets for 2022?
The following information is provided for Sandhill Company and Indigo Corporation. (in $ millions) Sandhill Company Indigo Corporation Net income 2022 $125 $375 Net sales 2022 1540 4500 Total assets 12/31/20 1045 2010 Total assets 12/31/21 1220 3150 Total assets 12/31/22 1175 4070 What is Indigo's return on assets for 2022?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following information is provided for Sandhill Company and Indigo Corporation.
|
(in $ millions) |
Sandhill Company |
Indigo Corporation |
|||
|---|---|---|---|---|---|
|
Net income 2022 |
$125 |
$375 |
|||
|
Net sales 2022 |
1540 |
4500 |
|||
|
Total assets 12/31/20 |
1045 |
2010 |
|||
|
Total assets 12/31/21 |
1220 |
3150 |
|||
|
Total assets 12/31/22 |
1175 |
4070 |
What is Indigo's return on assets for 2022?
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