For the year ended September 29, 2012, Apple, Inc., reported net income of $41,733 million. Total shareholders
Question:
For the year ended September 29, 2012, Apple, Inc., reported net income of $41,733 million. Total shareholders’ equity on this date was $118,210 million, and on September 24, 2011, it was $76,615 million. No preferred stock was outstanding in either year.
Required
1. Compute Apple’s return on common stockholders’ equity for the year ended September 29, 2012.
2. What other ratio would you want to compute to decide whether Apple is successfully employing leverage? Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting The Impact on Decision Makers
ISBN: 978-1285182964
9th edition
Authors: Gary A. Porter, Curtis L. Norton
Question Posted: