Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these businesses for a recent year follow: Key Figures ($ millions) Sales Net income Average assets Required: 1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.) Cola Company return t Pop Company return Cola Company Pop Company $ 44,443 $ 63,186 8,906 73,000 6,767 67,000 $ $ Numerator: Average total assets Return on Assets 1 Denominator: /Net income . W. Return on Assets Return on assets 0 0
Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these businesses for a recent year follow: Key Figures ($ millions) Sales Net income Average assets Required: 1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.) Cola Company return t Pop Company return Cola Company Pop Company $ 44,443 $ 63,186 8,906 73,000 6,767 67,000 $ $ Numerator: Average total assets Return on Assets 1 Denominator: /Net income . W. Return on Assets Return on assets 0 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
![Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these
businesses for a recent year follow:
Key Figures ($ millions)
Sales
Net income
Average assets
Cola Company Pop Company
$ 44,443 $ 63,186
8,906
73,000
Cola Company return t
Pop Company return
Required:
1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.)
Numerator:
6,767
67,000
Average total assets
$
$
Return on Assets
1
Denominator:
/Net income
M
W
W
Return
on
Assets
Return
on
assets
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F38645cca-e606-47fd-b3fc-eaaf6c321248%2F634a8a06-c5dd-4cf7-b6a4-29a5192c357a%2Fqy4epuh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cola Company and Pop Company both produce and market beverages that are direct competitors. Key financial figures for these
businesses for a recent year follow:
Key Figures ($ millions)
Sales
Net income
Average assets
Cola Company Pop Company
$ 44,443 $ 63,186
8,906
73,000
Cola Company return t
Pop Company return
Required:
1. Compute return on assets for Cola Company and Pop Company. (Enter values in $ millions.)
Numerator:
6,767
67,000
Average total assets
$
$
Return on Assets
1
Denominator:
/Net income
M
W
W
Return
on
Assets
Return
on
assets
0
0
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