The following information is available from the annual reports of Blossom Company and Crane Company.
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(Amounts in millions)
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Blossom
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Crane
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Net Income
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$1,824 |
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$2,413 |
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Sales
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43,035 |
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64,239 |
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Total Assets (average)
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40,242 |
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68,704 |
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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%
Extracted 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 %