The Following Information (In $ Millions) Comes from the Annual

question 102

Short Answer

The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2018:

Required: Compute the following amounts for Saratoga Springs Co.
-Its return on assets for 2018. Round your answer to one decimal place, e.g., 0.1234 as 12.3%.

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Definitions:

Depreciates

The decrease in the value of an asset over time, often due to wear and tear or the introduction of newer models.

Domestic Investment

The total investment in capital assets (such as factories, machinery, and technology) within a country's borders, contributing to the nation's economic growth.

Euro

The official currency of the eurozone, which is used by 19 of the 27 European Union countries.

Net Exports

The value of a country's total exports minus its total imports, measuring the net trade of goods and services with other economies.