What is ayayai return on assets

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Reference no: EM131726337

Q1. The following information is provided for Blossom Company and Ayayai Corp.:

(in $ millions) Blossom Company Ayayai Corp.

Net income 2017   $120   $350

Net sales 2017 1200 4500

Total assets 12/31/15 1000 2000

Total assets 12/31/16 1050 3000

Total assets 12/31/17 1150 4000

What is Ayayai's return on assets (rounded) for 2017?

10.0%

11.7%

11.3%

8.8%

Q2. The 2017 financial statements of Cullumber Company contain the following selected data (in millions).

Current assets $89

Total assets 143

Current liabilities 31

Total liabilities 73

Cash 6

Interest expense 7

Income taxes 9

Net income 11

The debt to assets ratio (rounded) is

51.0%.

7.2 times.

34.8%.

1.96%.

Reference no: EM131726337

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