Shown below are selected data from a recent annual report of Sprint Corporation, a large telecommunications provider. (Dollar amounts are in millions.)
| Beginning of the Year | End of the Year |
Total assets | $45,293 | $42,850 |
Total stockholders’ equity | 12,294 | 13,224 |
Operating income |
| 861 |
Net income |
| 1,215 |
a. Compute for the year Sprint’s return on average total assets. (Round computations to the nearest two-tenths of 1 percent.)
b. Compute for the year Sprint’s return on average total stockholders’ equity. (Round computations to the nearest two-tenths of l percent.)
c. Could the increase in Sprint’s total stockholders’ equity for the year be the result of an increase in the market value of the company’s stock? Explain.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.