Question
$ millions Current Year Prior Year Liabilities + Equity $ 338,516 $ 365,725 Net income 55,256 59,531 Revenues 260,174 265,595 Required: 1. What is the
| $ millions | Current Year | Prior Year |
|---|---|---|
| Liabilities + Equity | $ 338,516 | $ 365,725 |
| Net income | 55,256 | 59,531 |
| Revenues | 260,174 | 265,595 |
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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Finance The Basics
Authors: Erik Banks
1st Edition
0415384575, 9780415384575
