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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:

  1. 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
  2. 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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