Matthews Company Presented below is selected financial information for Matthews Corporation for the most recent fiscal year ended December 31 ($ millions)

\begin{array} { | l | r | l | r | } \hline \text { Current assets: } & & \text { Current liabilities: } & \\ \hline \text { Cash and cash equivalents } & \$ 2,472 & \text { Accounts payable } & \$ 5,020 \\\hline \text { Short-term investment } & 1,486 & \text { Other current liabilities } & 2,747 \\\hline \text { Receivables, net } & 1,300 & \text { Total current liabilities } & 7,767 \\\hline \text { Merchandise inventories } & 5,184 & \text { Noncurrent liabilities } & 2,489 \\\hline \text { Other current assets } & 1,397 & \text { Shareholders' Equity } & 5,000 \\\hline \text { Total current assets } & \$ 11,839 & \text { Total liabilities and shareholders' equity } & \$ 15,256 \\\hline \text { Noncurrent assets } & 3,417 & & \\\hline \text { Total assets } & \$ 15,256 & & \\\hline\end{array}

\begin{array} { | l | r | } \hline \text { Revenues } & \$ 40,339 \\\hline \text { Costs and Expenses } & 38,889 \\\hline \text { Operating Income } & \$ 1,450 \\\hline \begin{array} { l } \text { Other income/expense (including interest expense of } \\\$ 90 )\end{array} & ( 73 ) \\\hline \text { Income before income tax } & 1,377 \\\hline \text { Income tax expense } & ( 161 ) \\\hline \text { Net income } & \$ 1,216 \\\hline\end{array}

\begin{array}{l}\text { Previous Year's Financial Data }\\\begin{array}{ll}\text { Total Assets } & \$ 14,113 \\\text { Shareholder's' Equity } & \$ 3,709\end{array}\end{array}

The return on assets for Matthews Corporation is ________. (Round your answer to two decimal places, X.XX.)
A) 8.62%
B) 7.97%
C) 8.28%
D) 10.27%

Williams Corporation Reported Cost of Goods Sold of $910,000 for December

Multiple Choice

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