Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Transcribed Image Text:The following information is provided for Atlas Corporation and Zephyr Limited:
(in $ millions)
Atlas Corporation Zephyr Limited
Net income 2019
$300
$550
Net sales 2019
2,500
6,000
Total assets 12/31/17 1,800
3,500
Total assets 12/31/18 2,000
4,100
Total assets 12/31/19 2,200
4,700
Debt outstanding
$200
$400
What is Zephyr Limited's return on assets (rounded) for 2019?
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