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Need Help with this question, Plese! The following information is provided for Cullumber Company and Bramble Corp. (in $ millions) Cullumber Company...
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The following information is provided for Cullumber Company and Bramble Corp..
(in $ millions)
Cullumber Company
Bramble Corp.
Net income 2017
$130
$440
Net sales 2017
1230
4720
Total assets 12/31/15
1070
2050
Total assets 12/31/16
1120
3130
Total assets 12/31/17
1195
4000
What is Bramble's return on assets (rounded) for 2017?
12.3%
11.0%
11.5%
14.1%