The following information is available for some of a company's segments (all amounts are in millions):
a. Determine the segment return on assets for each geographic segment
b. Comment on the results. How do the segments compare with respect to profitability?
Definitions:
Net Income
The final earnings of a business once all costs and taxes are removed from the overall revenue.
Indirect Method
A way of reporting cash flows from operating activities in the statement of cash flows by adjusting net income for changes in balance sheet accounts.
Operating Activities
Activities that relate directly to the running of a business for profit, including production, sales, and distribution.
Net Income
The amount of profit left after all operating expenses, taxes, and interest are deducted from total revenue.
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