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Suncor Energy Inc.reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 (in millions):
2017 2016
Net revenues $32,176 $26,968
Net earnings 4,458 445
Total assets, end of year 89,494 88,702
Total assets, beginning of year 88,702 77,527
Question 1: Calculate Suncor's asset turnover and return on assets for the two years.
On October 15,2016,Jackson entered into a tentative agreement to sell assets of one its division. The division qualifies as a component of an entity as defined by GAAP. the division was sold on December 31,2016, for 5,000,000. Book vallue of the divi..
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