FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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I need answer financial accounting

The following information is provided for Cullumber Company and
Riverbed Corp:
Cullumber Company Riverbed Corp.
($ in millions)
Net income 2017
$145
$400
Net sales 2017
1,675
4,780
Total assets, 12/31/15 1,025
2,110
Total assets, 12/31/16 1,195
3,190
Total assets, 12/31/17 1,175
4,060
What is Riverbed's return on assets for 2017?
a. 9.9%
b. 12.5%
c. 12%
d. 11%
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Transcribed Image Text:The following information is provided for Cullumber Company and Riverbed Corp: Cullumber Company Riverbed Corp. ($ in millions) Net income 2017 $145 $400 Net sales 2017 1,675 4,780 Total assets, 12/31/15 1,025 2,110 Total assets, 12/31/16 1,195 3,190 Total assets, 12/31/17 1,175 4,060 What is Riverbed's return on assets for 2017? a. 9.9% b. 12.5% c. 12% d. 11%
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