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 >

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 >

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 4MAD: Analyze Target The following data (in millions) are taken from the financial statements of Target...

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Key comparative figures for both Apple and Google follow. Apple Google $ millions Current Year Prior Year Current Year Prior Year Liabilities + Equity $365,725 $375,319 $232,792 $197,295 Net income 59,531 48,351 30,736 12,662 Revenues 265,595 229,234 136,189 110,855 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?
Key comparative figures for Apple and Google follow. Apple Google $ millions Current Year Prior Year Current Year Prior Year Total liabilities $241,272 $193,437 $ 44,793 $ 28,461 Total assets 375,319 321,686 197,295 167,497 Required:1. What is the debt ratio for Apple in the current year and for the prior year?2. What is the debt ratio for Google in the current year and for the prior year?3. Which of the two companies has the higher degree of financial leverage in the current year?
What is the current-year return on assets for (a) Apple and (b) Google?
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