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Return on AssetsThe following information was taken from recent Apple Inc. financial statements. Numbers are in millions. Required a. What was Apple's return on assets

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Return on AssetsThe following information was taken from recent Apple Inc. financial statements. Numbers are in millions. Required a. What was Apple's return on assets for Year 2 and Year 1? (Round to one decimal point) b. Based on your answer from part a., how did the company's performance change from Year 1 to Year 2? a. b. Apples's performance, as measured by its return on assets, from Year 1 to Year 2. Evaluating Firm Liquidity The following financial information is taken from the balance sheets of the Peter Company and the Paul Company: Calculate the current ratio for each company. Round answers to two decimal places, when appropriate. Peter Company Paul Company Which firm has a higher level of liquidity

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