The following information is provided for two companies in the same industry:
Required:
1.Calculate the return on assets (ROA)for both companies.Show supporting calculations.Show your answer as a percentage with one decimal place.(For example,0.50000 = 50.0%).
2.Calculate the asset turnover for both companies.Show supporting calculations.Round your answer to two decimal places.(For example,0.98765 = 0.99)
3.Based on your calculations above,which company appears to be a better performer?
Definitions:
Labor
Human effort, either physically or mentally, expended in the production of goods and services.
Rural Electrification Administration
A U.S. federal government agency created in 1935 to bring electricity to rural areas that were not served by existing utility companies, greatly improving quality of life.
Nation's Farms
Refers to the collective agricultural production and land use dedicated to farming across a country.
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