The following information is provided for Cullumber Company and Bramble Corporation. (in $ millions) Cullumber Company Bramble Corporation Net income 2022 $145 $415 Net sales 2022 1755 4610 Total assets 12/31/20 1025 2330 Total assets 12/31/21 1260 3000 Total assets 12/31/22 1150 4080 What is Bramble's return on assets for 2022? (Round answer to 1 decimal place, e.g. 15.2.) 11.5% 13.8% 10.2% 11.7%
The following information is provided for Cullumber Company and Bramble Corporation. (in $ millions) Cullumber Company Bramble Corporation Net income 2022 $145 $415 Net sales 2022 1755 4610 Total assets 12/31/20 1025 2330 Total assets 12/31/21 1260 3000 Total assets 12/31/22 1150 4080 What is Bramble's return on assets for 2022? (Round answer to 1 decimal place, e.g. 15.2.) 11.5% 13.8% 10.2% 11.7%
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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The following information is provided for Cullumber Company and Bramble Corporation.
(in $ millions) |
Cullumber Company |
Bramble Corporation |
|||
---|---|---|---|---|---|
Net income 2022 |
$145 |
$415 |
|||
Net sales 2022 |
1755 |
4610 |
|||
Total assets 12/31/20 |
1025 |
2330 |
|||
Total assets 12/31/21 |
1260 |
3000 |
|||
Total assets 12/31/22 |
1150 |
4080 |
What is Bramble's return on assets for 2022? (Round answer to 1 decimal place, e.g. 15.2.)
11.5%
13.8%
10.2%
11.7%
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