AA 03-2 Comparative Analysis LO C1 Apple and Google work to maintain high-quality and low-cost operations. One ratio routinely computed for this assessment is the cost of goods sold divided by total expenses. A decline in this ratio can mean that the company is spending too much on selling and administrative activities. An increase in this ratio beyond a reasonable level can mean that the company is not spending enough on selling activities. Use Apple's financial statements in Appendix A. (Assume for this analysis that total expenses equal the cost of goods sold plus total operating expenses.) Required 1. For Apple and Google, compute the ratios of cost of goods sold to total expenses for Apple and Google during the fiscal years 2017 2. Which company had a greater percentage reduction in selling and administrative expenses in 2017? Complete this question by entering your answers in the tabs below. Required 1 Required 2 For Apple and Google, compute the ratios of cost of goods sold to total expenses for Apple and Google during the fiscal years 2017 and 2016. (Record answers as percents, rounded to one decimal.) Apple 2017 2016 % % Google 2107 2016 % Ratio of cost of goods sold to total expenses Required 2 > Exercise 03-18A FIFO: Equivalent units LO C4, P4 RSTN Co. produces its product through two sequential processing departments. Direct materials and conversion are added to the product evenly throughout each process. During October, the first process finished and transferred 225.000 units of its product to the second process. Of these units, 40,000 were in process at the beginning of the month and 185,000 were started and completed during the month. The beginning work in process inventory was 35% complete. At the end of the month, the work in process inventory consisted of 24,000 units that were 85% complete. Compute the number of equivalent units of production for the first process October. Use the FIFO method. Equivalent units of production--FIFO EUP (for materials and conversion) Units of Percent Added Product Equivalent Units EUP EUP GUP 0 EUP Total units AA 03-2 Comparative Analysis LO C1 Apple and Google work to maintain high-quality and low-cost operations. One ratio routinely computed for this assessment is the cost of goods sold divided by total expenses. A decline in this ratio can mean that the company is spending too much on selling and administrative activities. An increase in this ratio beyond a reasonable level can mean that the company is not spending enough on selling activities. Use Apple's financial statements in Appendix A. (Assume for this analysis that total expenses equal the cost of goods sold plus total operating expenses.) Required 1. For Apple and Google, compute the ratios of cost of goods sold to total expenses for Apple and Google during the fiscal years 2017 2. Which company had a greater percentage reduction in selling and administrative expenses in 2017? Complete this question by entering your answers in the tabs below. Required 1 Required 2 For Apple and Google, compute the ratios of cost of goods sold to total expenses for Apple and Google during the fiscal years 2017 and 2016. (Record answers as percents, rounded to one decimal.) Apple 2017 2016 % % Google 2107 2016 % Ratio of cost of goods sold to total expenses Required 2 > Exercise 03-18A FIFO: Equivalent units LO C4, P4 RSTN Co. produces its product through two sequential processing departments. Direct materials and conversion are added to the product evenly throughout each process. During October, the first process finished and transferred 225.000 units of its product to the second process. Of these units, 40,000 were in process at the beginning of the month and 185,000 were started and completed during the month. The beginning work in process inventory was 35% complete. At the end of the month, the work in process inventory consisted of 24,000 units that were 85% complete. Compute the number of equivalent units of production for the first process October. Use the FIFO method. Equivalent units of production--FIFO EUP (for materials and conversion) Units of Percent Added Product Equivalent Units EUP EUP GUP 0 EUP Total units