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Business, 01.03.2021 22:10 playboib

Return on Capital Rome Deposit, Inc. has the following balance sheet and income statement. Income Statement ($ millions) Balance Sheet ($ millions)
Net sales $3,400.00 Assets Expenses 1,500.00
Current assets $3,600.00 Depreciation 550.00
Net fixed assets 5,100.00 Taxable income $1,350.00
Total assets $8,700.00 Interest expense 610.00
Taxable income $740.00 Liabilities & Owner's Equity Taxes 245.00
Current liabilities $1,200.00 Net income $455.00
Long-term debt 2,600.00 Owner's equity 3,900.00
Total liabilities and equity $7,700.00

Required:
a. What is the company’s after-tax operating income? (Enter your answer in millions and round to one decimal places.)
b. What is the company’s total capitalization? (Enter your answer in millions and round to the nearest dollar.)
c. What is the company’s return on capital?

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Answers: 1

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Return on Capital Rome Deposit, Inc. has the following balance sheet and income statement. Income S...
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