AT&T and Verizon produce and market telecommunications products and are competitors. Key financial figures (in $ millions) for these businesses over the past year follow.
Key Figures ($ millions) | AT&T | Verizon 1 |
Sales | $123,018 | $107,808 |
Net income | 12,535 | 10,358 |
Average assets | 266,999 | 214,937 |
Required
1. Compute return on assets for (a) AT T and (b) Verizon.
2. Which company is more successful in the total amount of sales to consumers?
3. Which company is more successful in returning net income from its assets invested?
Analysis Component
4. Write a one-paragraph memorandum explaining which company you would invest your money in and why. (Limit your explanation to the information provided.)
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