Essay
The following information is provided for two companies in the same industry:
Required:
1.Calculate the return on assets (ROA)for both companies.Show supporting calculations.Show your answer as a percentage with one decimal place.(For example,0.50000 = 50.0%).
2.Calculate the asset turnover for both companies.Show supporting calculations.Round your answer to two decimal places.(For example,0.98765 = 0.99)
3.Based on your calculations above,which company appears to be a better performer?
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Correct Answer:
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