Q11
Return on Assets = Net Income / Total Assets
2018 = 15297 / 152954 = 10%
2017 = 1300 / 157303 = 0.83%
Since ROA increased over the period,
Answer is a. used its assets more efficiently to generate earnings
Q12.
Answer is c. Common Stock
For issue of stock for cash, common stock is credited
Q13.
Answer is a. $59752 millions
Shareholders Claim to assets is Shareholders Equity
Q14.
Answer is a. $3120
It is value of common stock
Q15.
Answer is b. $106216
It is equal to retained earnings
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