Key financial figures for Apple?s two most recent fiscal years follow. Required 1. What is the total

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Key financial figures for Apple?s two most recent fiscal years follow.

Required

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

2. What is Apple?s return on assets for the current year?

3. How much are total expenses for Apple for the current year?

4. Is Apple?s current-year return on assets better or worse than competitors? average of 10% return?

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Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

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Question Posted: Nov 12, 2019 11:25 AM

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Key financial figures for Apple?s two most recent fiscal years follow. Required 1. What is the total

Question:

Current Year Prior Year $ millions Liabilities + Equity ... Net income .. Revenues..... $321,686 45,687 215,639 $290,345 53,394 233,715

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1 321686 Explanation An organizations total assets alwaysequal total liab...View the full answer

Financial Accounting Information for Decisions

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