Question
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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Practical Management Science
Authors: Wayne L. Winston, Christian Albright
5th Edition
1497
