Key comparative figures for both Apple and Google follow. Required 1. What is the total amount of
Question:
Key comparative figures for both Apple and Google follow.
Required
1. What is the total amount of assets invested for the current year in (a) Apple and (b) Google?
2. What is the current-year return on assets for (a) Apple and (b) Google?
3. How much are current-year expenses for (a) Apple and (b) Google?
4. Is the current-year return on assets better than the 10% return of competitors for (a) Apple and (b) Google?
5. Relying only on return on assets, would we invest in Google or Apple?
Transcribed Image Text:
Apple Google $ mllons Current Year Prlor Year Current Year Prior Year Liabilities + Equity $365,725 $375,319 $232,792 $197,295 Net income 59,531 48,351 30,736 12,662 Revenues.. 265,595 229,234 136,819 110,855
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Answer 1 Total assets Liabilities Equity Hence a Total mount of assets invested for the current year ...View the full answer
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