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he following information is available from the annual reports of Blossom Company and Crane Company.     (Amounts in millions)       Blossom   Crane   Net Income   $1,824   $2,413   Sales   43,035   64,239   Total Assets (average)   40,242   68,704   Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.) BlossomCrane1. Asset turnover ratio enter the asset turnover rounded to 1 decimal placetimesenter the asset turnover rounded to 1 decimal placetimes2. Return on assets enter the return on assets in percentages rounded to 2 decimal places%enter the return on assets in percentages rounded to 2 decimal places%

he following information is available from the annual reports of Blossom Company and Crane Company.     (Amounts in millions)       Blossom   Crane   Net Income   $1,824   $2,413   Sales   43,035   64,239   Total Assets (average)   40,242   68,704   Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.) BlossomCrane1. Asset turnover ratio enter the asset turnover rounded to 1 decimal placetimesenter the asset turnover rounded to 1 decimal placetimes2. Return on assets enter the return on assets in percentages rounded to 2 decimal places%enter the return on assets in percentages rounded to 2 decimal places%

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 52CE: Asset Efficiency Ratios Selected financial statement numbers for Rutherford Company follow....
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The following information is available from the annual reports of Blossom Company and Crane Company.

    (Amounts in millions)  
    Blossom   Crane  
Net Income
   $1,824   $2,413  
Sales
   43,035   64,239  
Total Assets (average)
   40,242   68,704  


Based on the preceding information, compute the following values for each company: (Round asset turnover ratio to 2 decimal places, e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.)

BlossomCrane1.

Asset turnover ratio

enter the asset turnover rounded to 1 decimal placetimesenter the asset turnover rounded to 1 decimal placetimes2.

Return on assets

enter the return on assets in percentages rounded to 2 decimal places%enter the return on assets in percentages rounded to 2 decimal places%

The following information is available from the annual reports of Blossom Company and Crane Company. (Amounts in millions) Blossom Crane Net Income $1,824 $2,413 Sales 43,035 64,239 Total Assets (average) 40,242 68,704 Based on the preceding information, compute the following values for each company: (Round asset turnover 2 de mal places, e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.) Blossom Crane 1. Asset turnover ratio times times 2. Return on assets %
Transcribed Image Text:The following information is available from the annual reports of Blossom Company and Crane Company. (Amounts in millions) Blossom Crane Net Income $1,824 $2,413 Sales 43,035 64,239 Total Assets (average) 40,242 68,704 Based on the preceding information, compute the following values for each company: (Round asset turnover 2 de mal places, e.g. 15.25 and return on assets to 1 decimal place, e.g. 15.2%.) Blossom Crane 1. Asset turnover ratio times times 2. Return on assets %
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