The following information is provided for Sandhill Company and Indigo Corporation. (in $ millions) Sandhill Company Indigo Corporation Net income 2022 $125 $375 Net sales 2022 1540 4500 Total assets 12/31/20 1045 2010 Total assets 12/31/21 1220 3150 Total assets 12/31/22 1175 4070 What is Indigo's return on assets for 2022?
The following information is provided for Sandhill Company and Indigo Corporation. (in $ millions) Sandhill Company Indigo Corporation Net income 2022 $125 $375 Net sales 2022 1540 4500 Total assets 12/31/20 1045 2010 Total assets 12/31/21 1220 3150 Total assets 12/31/22 1175 4070 What is Indigo's return on assets for 2022?
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 98.3C
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The following information is provided for Sandhill Company and Indigo Corporation.
(in $ millions) |
Sandhill Company |
Indigo Corporation |
|||
---|---|---|---|---|---|
Net income 2022 |
$125 |
$375 |
|||
Net sales 2022 |
1540 |
4500 |
|||
Total assets 12/31/20 |
1045 |
2010 |
|||
Total assets 12/31/21 |
1220 |
3150 |
|||
Total assets 12/31/22 |
1175 |
4070 |
What is Indigo's return on assets for 2022?
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