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1) The following information is provided for Carla Vista Co. and Martinez Corp.:
(in $ millions) Carla Vista Co. Martinez Corp.
Net income 2017 $145 $400
Net sales 2017 1785 4570
Total assets 12/31/15 1035 2270
Total assets 12/31/16 1090 3130
Total assets 12/31/17 1155 4030
What is Martinez's return on assets (rounded) for 2017?
12.8%
9.9%
13.2%
11.2%
2) The 2017 financial statements of Blossom Company contain the following selected data (in millions).
Current assets$76Total assets175Current liabilities43Total liabilities82Cash7Interest expense5Income taxes10Net income19The debt to assets ratio (rounded) is
46.9%.
2.13%.
56.6%.
6.0 times.
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