Chapter 3
Long-Term Assets
137
Required
Based on the information provided, answer the following questions. Round your final answers
to the nearest whole percentage.
a) Calculate the return on assets for each company in 2015.
b) In 2015, which company performed better when it comes to managing assets? Explain.
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c) Assume LIN Company's total assets in 2013 were the same as its total assets in 2014. Did
LIN perform better in managing its long-term assets in 2014 or 2015? Why?
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