Following are financial data for Syke and Under Shield. Syke Under Shield 1 Year prior $ 3,202 1 Year prior 982 Current Current $ millions Net income Year Year 3,298 28,648 19,274 584 17,296 13,125 Net sales 30,244 21,615 11,414 Total assets 9,134 1. Compute the return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Which company more efficiently used its assets in the current year?

Following are financial data for Syke and Under Shield. Syke Under Shield 1 Year prior $ 3,202 1 Year prior 982 Current Current $ millions Net income Year Year 3,298 28,648 19,274 584 17,296 13,125 Net sales 30,244 21,615 11,414 Total assets 9,134 1. Compute the return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Which company more efficiently used its assets in the current year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 32BEB

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This year Last year 1050 Assets Cash 1530 Marketable securities Accounts receivable Inventories Total current assets 1810 1220 2050 1770 2900 2790 8290 6830 Gross fixed assets 29480 28090 Less: Accumulated depreciation 14680 13140 Net fixed assets 14800 14950 Total assets Liabilities and Stockholders' Equity 23090 21780 Accounts payable Notes payable Accruals 1560 1540 2760 2160 190 350 Total current liabilities 4510 4050 Long-term debt Common stock Retained earnings Total stockholders' equity 5220 4970 9950 9950 3410 2810 13360 12760 Total liabilities and stockholders' equity 23090 21780
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