FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Key comparative figures for both Apple and Google follow. Numbers shown are reported in millions of dollars.
Apple
Google
Current Year Prior Year Current Year
$338,516
55, 256
$275,909
34,343
260, 174
161,857
$ millions
Liabilities + Equity
Net income
Revenues
Required:
1. What is the total amount of assets invested for the current year in (a) Apple and (b) Google?
2. What is the current-year return on assets for (a) Apple and (b) Google?
3. How much are current-year expenses for (a) Apple and (b) Google?
4-a. Is the current-year return on assets better than the 10% return of competitors for Apple?
4-b. Is the current-year return on assets better than the 10% return of competitors for Google?
5. Relying only on return on assets, would we invest in Google or Apple?
Required 1
$365,725
59,531
265,595
Complete this question by entering your answers in the tabs below.
Return on assets
> Answer is complete but not entirely correct.
Required 2 Required 3
<
Required 4
What is the current-year return on assets for (a) Apple and (b) Google? (Round your percentage answers to 1 decimal place.)
Apple
Google
16.3 %
Prior Year
$232,792
30,736
136,819
12.5 X %
Required 5
Required 1
Required 3 >
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Transcribed Image Text:Key comparative figures for both Apple and Google follow. Numbers shown are reported in millions of dollars. Apple Google Current Year Prior Year Current Year $338,516 55, 256 $275,909 34,343 260, 174 161,857 $ millions Liabilities + Equity Net income Revenues Required: 1. What is the total amount of assets invested for the current year in (a) Apple and (b) Google? 2. What is the current-year return on assets for (a) Apple and (b) Google? 3. How much are current-year expenses for (a) Apple and (b) Google? 4-a. Is the current-year return on assets better than the 10% return of competitors for Apple? 4-b. Is the current-year return on assets better than the 10% return of competitors for Google? 5. Relying only on return on assets, would we invest in Google or Apple? Required 1 $365,725 59,531 265,595 Complete this question by entering your answers in the tabs below. Return on assets > Answer is complete but not entirely correct. Required 2 Required 3 < Required 4 What is the current-year return on assets for (a) Apple and (b) Google? (Round your percentage answers to 1 decimal place.) Apple Google 16.3 % Prior Year $232,792 30,736 136,819 12.5 X % Required 5 Required 1 Required 3 >
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Follow-up Question
2:53:11
Book
Print
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4-b. Is the current-year return on assets better than the 10% return of competitors for Google?
5. Relying only on return on assets, would we invest in Google or Apple?
2
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Hill
Type here to search
W
Complete this question by entering your answers in the tabs below.
S
Required 1
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What is the total amount of assets invested for the current year in (a) Apple and (b) Google? (Enter your answers in millions
of dollars.)
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Transcribed Image Text:2:53:11 Book Print eferences **** G f2 e: 4-b. Is the current-year return on assets better than the 10% return of competitors for Google? 5. Relying only on return on assets, would we invest in Google or Apple? 2 Mc Graw Hill Type here to search W Complete this question by entering your answers in the tabs below. S Required 1 X What is the total amount of assets invested for the current year in (a) Apple and (b) Google? (Enter your answers in millions of dollars.) Total amount of assets (in $ millions) # f3 3 Required 2 E D f4 $ JOI 4 31 Required 3 R UL f5 do 5 T f6 G DO Required 4 Required 5 Apple Required 1 N 6 12 hulu B f7 Y & Google 7 H < Prev Required 2 > 5 f8 * U N 6 of 7 8 x J hp fg L W 9 K M Next > f10 # P ait f12 [ ins pr 1
Solution
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Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
2:53:11
Book
Print
eferences
****
G
f2
e:
4-b. Is the current-year return on assets better than the 10% return of competitors for Google?
5. Relying only on return on assets, would we invest in Google or Apple?
2
Mc
Graw
Hill
Type here to search
W
Complete this question by entering your answers in the tabs below.
S
Required 1
X
What is the total amount of assets invested for the current year in (a) Apple and (b) Google? (Enter your answers in millions
of dollars.)
Total amount of assets (in $ millions)
#
f3
3
Required 2
E
D
f4
$
JOI
4
31
Required 3
R
UL
f5
do
5
T
f6
G
DO
Required 4 Required 5
Apple
Required 1
N
6
12
hulu
B
f7
Y
&
Google
7
H
< Prev
Required 2 >
5
f8
*
U
N
6 of 7
8
x
J
hp
fg
L
W
9
K
M
Next >
f10
#
P
ait
f12
[
ins
pr
1
expand button
Transcribed Image Text:2:53:11 Book Print eferences **** G f2 e: 4-b. Is the current-year return on assets better than the 10% return of competitors for Google? 5. Relying only on return on assets, would we invest in Google or Apple? 2 Mc Graw Hill Type here to search W Complete this question by entering your answers in the tabs below. S Required 1 X What is the total amount of assets invested for the current year in (a) Apple and (b) Google? (Enter your answers in millions of dollars.) Total amount of assets (in $ millions) # f3 3 Required 2 E D f4 $ JOI 4 31 Required 3 R UL f5 do 5 T f6 G DO Required 4 Required 5 Apple Required 1 N 6 12 hulu B f7 Y & Google 7 H < Prev Required 2 > 5 f8 * U N 6 of 7 8 x J hp fg L W 9 K M Next > f10 # P ait f12 [ ins pr 1
Solution
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by Bartleby Expert
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