Exercise 14.6 (Static) ROI (LO14-6) Shown are selected data from a recent annual report of CVS Health, a large drugstore chain. (Dollar amounts are in millions.) Total assets Beginning of the Year $ 94,462 Total stockholders' equity 36,834 Operating income End of the Year $ 95,131 37,695 9,517 Net income Required: 6,623 a. Compute for the year CVS Health's return on average total assets. b. Compute for the year CVS Health's return on average total stockholders' equity. Note: For all requirements, round percentage computations to two decimal places. a. Return assets % b. Return on equity %

Exercise 14.6 (Static) ROI (LO14-6) Shown are selected data from a recent annual report of CVS Health, a large drugstore chain. (Dollar amounts are in millions.) Total assets Beginning of the Year $ 94,462 Total stockholders' equity 36,834 Operating income End of the Year $ 95,131 37,695 9,517 Net income Required: 6,623 a. Compute for the year CVS Health's return on average total assets. b. Compute for the year CVS Health's return on average total stockholders' equity. Note: For all requirements, round percentage computations to two decimal places. a. Return assets % b. Return on equity %

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.17E: Profitability metrics The following selected data were taken from the financial statements of The...

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