On December 31, Harper, Inc., reported, on its year-end financial statements, the following (in millions): Year 2 Year 1 Total assets $11,868 $11,968 Total sales $7,195 $7,194 Net income $692 $902 Calculate return on assets (ROA) for Year 2.
On December 31, Harper, Inc., reported, on its year-end financial statements, the following (in millions): Year 2 Year 1 Total assets $11,868 $11,968 Total sales $7,195 $7,194 Net income $692 $902 Calculate return on assets (ROA) for Year 2.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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On December 31, Harper, Inc., reported, on its year-end financial statements, the following (in millions):
|
|
Year 2 |
Year 1 |
|
Total assets |
$11,868 |
$11,968 |
|
Total sales |
$7,195 |
$7,194 |
|
Net income |
$692 |
$902 |
Calculate
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