Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6 Key figures for Apple and Google follow. 10 points $ millions Cash and equivalents. Accounts receivable, net. Inventories.... Retained earnings. Cost of sales. Revenues...
6 Key figures for Apple and Google follow. 10 points $ millions Cash and equivalents. Accounts receivable, net. Inventories.... Retained earnings. Cost of sales. Revenues... Total assets. Apple $ 20,289 17,874 4,855 98,330 141,048 229, 234 375,319 Google $ 10,715 18,336 749 113,247 45,583 110,855 197,295 eBook Required: 1. Compute common-size percents for each of the companies using the data provided. 2. If Google decided to pay a dividend, would retained earnings as a percent of total assets increase or decrease? 3. Which company has a higher gross margin ratio on sales? Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute common-size percents for each of the companies using the data provided. (Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimal place.) Apple % Google % % % % Key Figures ($ millions) Cash and equivalents Accounts receivable, net Inventories Retained earnings Cost of sales Revenues Total assets % % % % % % % % % ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If Google decided to pay a dividend, would retained earnings as a percent of total assets increase or decrease? If Google decided to pay a dividend, would retained earnings as a percent of total assets increase or decrease? nces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Which company has a higher gross margin ratio on sales? Which company has a higher gross margin ratio on sales?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started