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Key financial figures for Apples two most recent fiscal years follow. $ millions Current Year Prior Year Liabilities + Equity $365,725 $375,319 Net income 59,531
Key financial figures for Apples two most recent fiscal years follow.
$ millions | Current Year | Prior Year |
---|---|---|
Liabilities + Equity | $365,725 | $375,319 |
Net income | 59,531 | 48,351 |
Revenues | 265,595 | 229,234 |
Required:
- What is the total amount of assets invested in Apple in the current year?
- What is Apple's return on assets for the current year?
- How much are total expenses for Apple for the current year?
- Is Apple's current-year return on assets better or worse than competitors' average of 10% return?
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