Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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I want to correct answer general accounting

The following information is provided for Sheridan Company and
Grouper Corp.
Sheridan Company Grouper Corp.
(in $ millions)
Net income 2017
$120
$445
Net sales 2017
1,390
4,510
Total assets 12/31/15 1,050
2,120
Total assets 12/31/16 1,070
3,140
Total assets 12/31/17 1,195
$4,090
What is Grouper's return on assets (rounded) for 2017?
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Transcribed Image Text:The following information is provided for Sheridan Company and Grouper Corp. Sheridan Company Grouper Corp. (in $ millions) Net income 2017 $120 $445 Net sales 2017 1,390 4,510 Total assets 12/31/15 1,050 2,120 Total assets 12/31/16 1,070 3,140 Total assets 12/31/17 1,195 $4,090 What is Grouper's return on assets (rounded) for 2017?
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