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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
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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