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What is sheffields return on assets

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Reference no: EM131632355

Problem - The following information is provided for Oriole Company and Sheffield Corp.:

(in $ millions) Oriole Company Sheffield Corp.

Net income 2017   $170   $415

Net sales 2017 1600 4780

Total assets 12/31/15 1040 2330

Total assets 12/31/16 1285 3050

Total assets 12/31/17 1165 4010

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

11.8%

13.1%

10.3%

13.6%

Reference no: EM131632355

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