(L.OBJ. 7) Computing return on assets and return on equity [5—10 min]
Boga’s 2011 financial statements reported the following items—with 2010 figures given for comparison (adapted, in millions):
Requirement
1. Compute Boga’s rate of return on total assets and rate of return on common stockholders’ equity for 2011. Do these rates of return look high or low?
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