International Genetic Technologies (InGen) and The Resources Development Association (RDA) are companies involved in cutting-edge...
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Accounting
International Genetic Technologies (InGen) and The Resources Development Association (RDA) are companies involved in cutting-edge genetics research. Selected financial data for (InGen) and (RDA) are provided below: (Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
($ in millions)
InGen
RDA
Net sales
$
127,245
$
106,916
Net income
7,074
15,855
Operating cash flows
12,639
19,846
Total assets, beginning
124,503
113,452
Total assets, ending
129,517
116,433
Required:
1. Calculate the return on assets for both companies.
2. Calculate the cash return on assets for both companies.
3. Calculate the cash flow to sales ratio and the asset turnover ratio for both companies.
4. In general, which company has the more favorable ratios?
International Genetic Technologies (InGen)
Resources Development Association (RDA)
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