Brief exercise 9-10incorrect answer. your answer is incorrect. try again. suppose in its 2017 annual report that mcdonald’s corporation reports beginning total assets of $28.15 billion, ending total assets of $30.50 billion, net sales of $22.95 billion, and net income of $4.10 billion.(a) compute mcdonald’s return on assets. (round return on assets to 2 decimal places, e. g. 5.12%.)mcdonald’s return on assetsentry field with incorrect answer%(b) compute mcdonald’s asset turnover. (round asset turnover to 2 decimal places, e. g. 5.12.)mcdonald’s asset turnoverentry field with incorrect answer

return on assets = 13.98%

assets turnover = 0.78

Explanation: A. COMPUTING RETURN ON TOTAL ASSETS :-

Return on total assets can be defined as the return the owners of the company get for investing in the total assets of the entity. It is used as a performance measure.

where,

     = 29.32

therefore:-

      = 13.98%

.

B. COMPUTING ASSET TURNOVER :-

It shows the ability of assets of a business to generate income.

=0.78

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