Selected balance sheet and income statement information for


Question - Selected balance sheet and income statement information for Oracle Corporation follows. (Perform the required computations from the perspective of an Oracle shareholder.

$ millions May 31, 2015 May 31, 2014 Operating assets $52,091 $47,003 Nonoperating assets 54,368 38,819 Total assets 106,459 85,822 Operating liabilities 19,725 18,600 Nonoperating liabilities 41,958 24,097 Total liabilities 61,683 42,697 Total Oracle stockholders' equity 44,776 43,125 Total revenues 38,104 Operating income before tax 13,538 Nonoperating expense before tax 1,037 Tax expense 3,520 Net income 8,981

a. Compute return on equity (ROE).

b. Compute return on net assets (ROA).

c. Compute return on net operating assets (RNOA).

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Selected balance sheet and income statement information for
Reference No:- TGS02928052

Now Priced at $25 (50% Discount)

Recommended (90%)

Rated (4.3/5)