Exercise - Calculate financial ratios
Zoogle has the following selected data ($ in millions):
|
Net sales
|
$23,851
|
|
Net income
|
6,540
|
|
Operating cash flows
|
9,318
|
|
Total assets, beginning
|
33,768
|
|
Total assets, ending
|
42,497
|
Required-
1. Calculate the return on assets.
2. Calculate the cash return on assets.
3. Calculate the cash flow to sales ratio and the asset turnover ratio.