Return on assets Pfizer Inc. (PFE) discovers, produces, and distributes medicines, including Celebrex and Lipitor . Ford (F) Motor Co. develops, markets, and produces automobiles and trucks. Microsoft Corporation (MSFT) develops, produces. and distributes a variety of computer software and hardware products including Windows, Office, Excel, and the Xbox. The following data (in millions) were taken from recent financial statements 01 each company: Pfizer Ford Microsoft Compute the return on assets for each company using the preceding data, and rank the companies’ return on assets from highest to lowest. Round the return on assets to one decimal place.
Return on assets Pfizer Inc. (PFE) discovers, produces, and distributes medicines, including Celebrex and Lipitor . Ford (F) Motor Co. develops, markets, and produces automobiles and trucks. Microsoft Corporation (MSFT) develops, produces. and distributes a variety of computer software and hardware products including Windows, Office, Excel, and the Xbox. The following data (in millions) were taken from recent financial statements 01 each company: Pfizer Ford Microsoft Compute the return on assets for each company using the preceding data, and rank the companies’ return on assets from highest to lowest. Round the return on assets to one decimal place.
Solution Summary: The author explains Return on Assets, a profitability ratio that measures the net profits generated by total assets throughout the period.
Return on assets Pfizer Inc. (PFE) discovers, produces, and distributes medicines, including Celebrex and Lipitor. Ford (F) Motor Co. develops, markets, and produces automobiles and trucks. Microsoft Corporation (MSFT) develops, produces. and distributes a variety of computer software and hardware products including Windows, Office, Excel, and the Xbox.
The following data (in millions) were taken from recent financial statements 01 each company: Pfizer Ford Microsoft
Compute the return on assets for each company using the preceding data, and rank the companies’ return on assets from highest to lowest. Round the return on assets to one decimal place.
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