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Apple Inc. Requirement 1: Compute the Return on Assets (ROA) for Apple Inc. using the following information: Net Income: $60,000,000 Total Assets: $500,000,000 Requirement 2:
- Apple Inc.
- Requirement 1: Compute the Return on Assets (ROA) for Apple Inc. using the following information:
- Net Income: $60,000,000
- Total Assets: $500,000,000
- Requirement 1: Compute the Return on Assets (ROA) for Apple Inc. using the following information:
- Requirement 2: Calculate the Acid-Test (Quick) Ratio for Apple Inc. based on the balance sheet data:
- Cash and Cash Equivalents: $50,000,000
- Accounts Receivable: $100,000,000
- Inventories: $30,000,000
- Current Liabilities: $120,000,000
- Requirement 3: Prepare a statement of cash flows for Apple Inc. for the year ended December 31, 2023, using the following information:
- Net Income: $80,000,000
- Depreciation Expense: $20,000,000
- Increase in Accounts Receivable: $10,000,000
- Decrease in Inventory: $5,000,000
- Payment of Dividends: $15,000,000
- Purchase of Property, Plant, and Equipment: $30,000,000
- Issuance of Common Stock: $25,000,000
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