Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Key figures for Apple and Google follow. $ millions Cash and equivalents Accounts receivable, net Inventories Retained earnings Cost of sales Revenues Total assets Apple
Key figures for Apple and Google follow. $ millions Cash and equivalents Accounts receivable, net Inventories Retained earnings Cost of sales Revenues Total assets Apple $ 25,913 23,186 3,956 70,400 163,756 265,595 365,725 Google $ 16,701 20,838 1,107 134,885 59,549 136,819 232,792 Required: 1. Compute common-size percents for each company using the data given 2. If Google paid a dividend, would retained earnings as a percent of total assets increase or decrease? 3. Which company has the better gross margin ratio on sales? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute common-size percents for each company using the data given (Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimal place.) Anple Google % Key Figures (5 millions) Cash and equivalents Accounts receivable, net Inversiones Retained earnings Cost of sales Rovernos Totalsts % % % % 36 X % * 96
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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