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Concept introduction:
Return on Assets: Return on Assets (ROA) is the earnings generated by the business/management on the investment or assets /invested into a business. It indicates the efficiency of the business/ management by calculating the percentage of return, the business/management gives on the investment made. The calculation is done by dividing a company’s annual earning by its total assets. The return on assets is also known as
(1)To determine: For Coca-cola and Pepsico, calculate the return on assets.
(2) To write: Compare the sales of the two companies and find which company is more successful
(3) To write: Compare the two companies returning net income from asstes and find which company is more successful
(4)To write: In short explain in which company you will invest your money.
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Chapter 1 Solutions
Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
- abc general accountingarrow_forwardPlease give me correct answer this general accounting questionarrow_forwardArmstrong Manufacturing has an overhead application rate of 145% and allocates overhead based on direct materials. During the current period, direct labor is $62,000, and direct materials used are $95,000. Determine the amount of overhead Armstrong Manufacturing should record in the current period. a. $62,000 b. $37,180 c. $50,820 d. $95,000 e. $137,750arrow_forward
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