Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) Net sales $23,851 6,540 9,318 33,768 42,497 Net income Operating cash flows Total assets, beginning Total assets, ending Required: 1. Calculate the return on assets. ($ in millions) Return on Assets Net income Average total assets 17.15% Zoogle $4 6,540.00 38,132.50
Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) Net sales $23,851 6,540 9,318 33,768 42,497 Net income Operating cash flows Total assets, beginning Total assets, ending Required: 1. Calculate the return on assets. ($ in millions) Return on Assets Net income Average total assets 17.15% Zoogle $4 6,540.00 38,132.50
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e.,
$10,110,000 should be entered as 10.11).)
Net sales
$23,851
Net income
Operating cash flows
Total assets, beginning
Total assets, ending
6,540
9,318
33,768
42,497
Required:
1. Calculate the return on assets.
($ in millions)
Return on Assets
Net income
Average total assets
17.15%
Zoogle
$4
%3D
6,540.00
2$
38,132.50](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fed18415a-af27-44e8-aa80-ad5d454cc154%2Fabf2a2b1-bf07-4b63-93e8-07295390a964%2Fd4iw33h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:||
Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e.,
$10,110,000 should be entered as 10.11).)
Net sales
$23,851
Net income
Operating cash flows
Total assets, beginning
Total assets, ending
6,540
9,318
33,768
42,497
Required:
1. Calculate the return on assets.
($ in millions)
Return on Assets
Net income
Average total assets
17.15%
Zoogle
$4
%3D
6,540.00
2$
38,132.50
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