Nokia, Research In Motion, and Apple are competitors in the global marketplace. Following are selected data from
Question:
Nokia, Research In Motion, and Apple are competitors in the global marketplace. Following are selected data from each company.
Required
1. Compute Nokia’s return on total assets, and its components of profit margin and total asset turnover, for the most recent two years using the data provided.
2. Which of these three companies has the highest return on total assets? Highest profit margin? Highest total asset turnover? Interpret theseresults.
Transcribed Image Text:
Research In Motion Apple Nokia (Euro millions) Current One Year Two Years Current Prior Current Prior Year Year Prior Prior Year Year Year Key Figure Net income ..260 3,889 E 6,746 Net sales... 51,058 37,599 40.984 50,710 Profit margin Total asset turnover 19.6% 20.1% 1.37 .38 19.2% 16.3% 1.03 .22
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1 Nokia EURm Return on total assetsNet Income Average Total Assets Current Year 260 35738 395822 07 ...View the full answer
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