Relating ROA and ROCE. Boston Scientific, a medical device manufacturer, reported net income(amounts in millions) of $1,062 on sales of $5,624 during Year 4. Interest expense totaled $64. Theincome tax rate was 35%. Average total assets were $6,934.5, and av- erage common shareholders'equity was $3,443.5. The firm did not have preferred stock out- standing or noncontrolling interest in itsequity ...[Show More]
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