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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:

  1. What is the total amount of assets invested in Apple in the current year?
  2. What is Apple's return on assets for the current year?
  3. How much are total expenses for Apple for the current year?
  4. Is Apple's current-year return on assets better or worse than competitors' average of 10% return?

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