pls help me assap 1.The following information is provided for Crane Company and
ID: 2488791 • Letter: P
Question
pls help me assap
1.The following information is provided for Crane Company and Pronghorn Corp..
(in $ millions)
Crane Company
Pronghorn Corp.
Net income 2017
$150
$365
Net sales 2017
1205
4580
Total assets 12/31/15
1100
2370
Total assets 12/31/16
1060
3130
Total assets 12/31/17
1200
4010
What is Pronghorn's return on assets (rounded) for 2017?
9.1%
14.1%
11.7%
10.2%
2.
The following information is provided for Oriole Company and Cheyenne Corp..
(in $ millions)
Oriole Company
Cheyenne Corp.
Net income 2017
$150
$410
Net sales 2017
1300
4640
Total assets 12/31/15
1050
2020
Total assets 12/31/16
1180
3070
Total assets 12/31/17
1180
4070
What is Oriole's asset turnover ratio (rounded) for 2017?
3.Wildhorse Co. has a 30-day note that carries an annual interest rate of 10%. If the amount of the total interest on the note is equal to $600, then what is the principal of the note?
(in $ millions)
Crane Company
Pronghorn Corp.
Net income 2017
$150
$365
Net sales 2017
1205
4580
Total assets 12/31/15
1100
2370
Total assets 12/31/16
1060
3130
Total assets 12/31/17
1200
4010
Explanation / Answer
Q1) Answer
Q2) Answer
= 1.101695
Q3) Answer
Return on Assets = (Net Income/Total sales)*100 = 365/4010*100 = 9.10%Related Questions
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