Key financial figures for Apple’s fiscal year ended September 28, 2013, follow.

Key Figure                                          In Millions

Liabilities 1 Equity. . . . . . . . .             $207,000

Net income . . . . . . . . . . . . . .                  37,037

Revenues . . . . . . . . . . . . . . . .               170,910

Required

1. What is the total amount of assets invested in Apple?

2. What is Apple’s return on assets for fiscal year 2013? Its assets at September 29, 2012, equal $176,064 (in millions).1

3. How much are total expenses for Apple for the year ended September 28, 2013?

4. Does Apple’s return on assets for fiscal 2013 seem satisfactory if competitors average a 10% return?