Key figures for Apple and Google follow. Required 1. Compute return on total assets for Apple and

Question:

Key figures for Apple and Google follow.

Required

1. Compute return on total assets for Apple and Google for the two most recent years.

2. Which of these two companies has the better return on total assets for the current year?

3. In the current year, does return on assets outperform or under-perform the industry (assumed) average of 12% for (a) Apple and (b) Google?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

See More Books

Question Posted: Nov 13, 2019 05:14 AM

See More Questions

Key figures for Apple and Google follow. *Apple did not report interest expense for these periods. Amounts included in this table are assumed for purposes of this analysis. Required 1. Compute times...
Key comparative figures for Apple and Google follow. 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...
Key comparative figures for Apple and Google follow. 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...
Three disease-carrying organisms decay exponentially in lake water according to the following model: Estimate the initial population of each organism (A, B, and C) given the followingmeasurements:...
Which of the following statement(s) is/are true with regard to positional information in Drosophila? A. Morphogens are a type of molecule that conveys positional information. B. Morphogenetic...
Tom, Dick and Harry begin trading as a partnership on 1 January 2016 , sharing profits in the ratio 3:2:1. With effect from 1 January 2017, they agree that Har ry should receive a salary of 20,000...
Information: The following income statement and information about changes in noncash current assets and current liabilities are reported Changes in current asset and current liability accounts for...
ETA Company had a remaining credit balance of $20,000 in its under- and over-applied factory overhead account at year-end. The balance was deemed to be large and, therefore, should be closed to Work...
Exercise 6-10A (Algo) Outsourcing decision LO 6-3 Solomon Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with...
The Fastest (and Most Expensive) Car! The table shows test data for the Bugatti Veyron, the fastest car made. The car is moving in a straight line (the x-axis). (a) Make a v.-t graph of this car's...
Following are selected data from Samsung, Apple, and Google. Required 1. Compute Samsung?s return on total assets for the two most recent years. 2. Is Samsung?s return on total assets on a favorable...
Use Apples financial statements in Appendix A to answer the following. 1. Compute Apples return on total assets for the years ended September 24, 2016, and September 26, 2015. 2. Is Apples return on...
Consider the reaction X 2 (g) 2 X(g). When a vessel initially containing 755 torr of X 2 comes to equilibrium at 298 K, the equilibrium partial pressure of X is 103 torr. The same reaction is...
Scatterplot. In Exercises 5-8, use the sample data to construct a scatterplot. Use the first variable for the x-axis. Based on the scatterplot, what do you conclude about a linear correlation? 5....
By having two sets of GAAP tailored specifically for Colleges and Universities, financial statements become more transparent, stakeholders can make informed decisions, regulatory compliance is...
Lab 1-3 Data Analytics in Auditing The purpose of this lab is to help you identify relevant questions that may be answered using data analytics in auditing. Let's evaluate how we might use master and...
Geography Majors The data listed below are estimated incomes (dollars) of students who graduated from the University of North Carolina (UNC) after majoring in geography. The data are based on...
Reproduced below from Farthington Supply's accounting records is the accounts receivable subledger along with selected general ledger accounts. Dec. 31/22 Balance Credit sales in 2023 General Ledger...
a. The vectors p and q are such that p = 11i 24j and q = 2i + j. i. Find the value of each of the constants and such that p + 2q = ( + )I 20j. ii. Using the values of and found in part I, find...
Differentiate. y = ln(3x + 1) ln(5x + 1)
Selected account balances from the adjusted trial balance for Harton Corp. as of its calendar year-end December 31, 2009, follow. Required Answer each of the following questions by providing...
Use the following selected data from Success Systems income statement for the three months ended March 31, 2010, and from its March 31, 2010, balance sheet to complete the requirements below:...
Refer to Best Buys financial statements in Appendix A to answer the following. 1. Using fiscal 2005 as the base year, compute trend percents for fiscal years 2005, 2006, and 2007 for revenues, cost...
question 6 Timely Inc. produces luxury bags. The budgeted sales and production for the next three months are as follows july. august september Sales, in units 1,115. 1229. 1302 Production. in units...
On May 12 Zimmer Corporation placed in service equipment (seven-year property) with a basis of $220,000. This was Zimmer's only asset acquired during the year. Calculate the maximum depreciation...
Power Manufacturing has equipment that it purchased 7 years ago for $2,550,000. The equipment was used for a project that was intended to last for 9 years and was being depreciated over the life of...

Key figures for Apple and Google follow. Required 1. Compute return on total assets for Apple and

Question:

Apple Google 1 Year Prlor 2 Years Prior Current Year 2 Years Prior 1 Year Prior Current Year $ millions $ 45,687 215.639 321,686 $ 19,478 90.272 167,497 Net income $ 53,394 233.715 290,345 $ 39,510 182,795 231,839 $ 16,348 74.989 147,461 $ 14,136 66,001 129,187 Net sales Total assets.

Step by Step Answer:

1 Apples return on total assets Current Year 45687 321...View the full answer

Financial Accounting Information for Decisions

Students also viewed these Business questions