Key figures for the recent two years of both Apple and Google follow. Required 1. Compute current
Question:
Key figures for the recent two years of both Apple and Google follow.
Required1. Compute current ratios for
(a) Apple
(b) Google for the two years reported above.2. In the current year, which company has the better ability to pay short-term obligations according to the current ratio?3. Do
(a) Apple’s
(b) Google’s current ratios underperform or outperform the industry (assumed) average ratio of 2.0?
Transcribed Image Text:
$ millions Current assets ....... Current liabilities..... Apple Current Year $162,819 105,718 Prior Year $131,339 115,929 Google Current Year $152,578 45,221 Prior Year $135,676 34,620
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
1 2 Google Explanation In the current year Google has the higher curr...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Principles Of Financial Accounting (Chapters 1-17)
ISBN: 9781260780147
25th Edition
Authors: John Wild
Question Posted:
Students also viewed these Business questions
-
Key figures for the recent two years of both Apple and Google follow. Required 1. Compute profit margins for (a) Apple and (b) Google for the two years of data shown. 2. Which company is more...
-
Key figures for the recent two years of both Apple and Google follow. Required 1. Compute profit margins for (a) Apple and (b) Google for the two years of data shown. 2. Which company is more...
-
Key figures for the recent two years of both Apple and Google follow. Required 1. Compute the current ratio for both years for both companies. 2. Which company has the better ability to pay...
-
Amato is preparing a resume to apply for a higher-level management position with Amato's current company. The position Amato is applying for is in a different location from Amato's current job. What...
-
During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2015, you come across several items needing further consideration. Currently,...
-
Why do rich people have a higher marginal propensity to save than poor people?
-
Design Data sold a piece of machinery to HHB Drafting Company. However, after HHB had taken possession of the machine, it discovered damage and revoked the contract. The court found that the...
-
Presented below are the closing entries for Lee College, a private not-for-profit, for the year ended December 31, 2012. Assume the January 1, 2012, net asset balances are as follows: $1,000,000...
-
Change Janets Schedule In Question 5 Above, You Calculated What The Schedule Would Look Like If Janet Had Made One $285.05 Payment In January 2022. You Did It By Hand, But The Bankrate Calculator Has...
-
Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the...
-
The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybalt invested $5,000 cash in the business during the year. The O. Tybalt, Capital account balance...
-
Verify that the given function y is a solution of the differential equation that follows it. Assume that C, C 1 , and C 2 are arbitrary constants. y = Ct -3 ; ty'(t) + 3y = 0
-
A gas station started the month with empty tanks, purchased 100,000 gallons at $2.00/gallon and ended with 10,000 gallons in the tanks at the end of the month. Calculate the Cost of Goods Sold for...
-
Exercise (1): The following data are some of the Comparative Statement of Profit or Loss of Salem Computin financial periods between 2015 and 2018, as Student Name Student ID ABCDEG s shown in figure...
-
Rojas Corporations comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,700 $11,000 Accounts receivable 21,100 23,800 Land...
-
ane, a partner in a CPA firm, wishes to borrow money from Company A, which her CPA firm audits. She is a covered member with respect to Company A. Which type of loan would be most likely to impair...
-
Case Study: Global Net Ltd is an internet service provider in Australia which employs staff locatedoverseas to man its call centres. It has been operating in the business for three years.Competition...
-
Mason Paper Company (MPC) manufactures large quantities of standard white 8 11 inch paper for use in computer printers and photocopiers. MPC has reported operating losses for the last two years due...
-
If the cylinder described in Problem 21.3 were initially heated to 500F, how long would it take for the center of the cylinder to cool to 240F if it were constructed of a. Copper? b. Brass? c. Nickel?
-
Is depreciation a source of cash flow?
-
Use the indirect method to prepare the cash provided or used from operating activities section only of the statement of cash flows for thiscompany. AMMONS, INC. Income Statement For Year Ended...
-
Refer to the data in QS 12-6. Use the direct method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company.
-
-5 -14 2 Consider the symmetric matrix A = -14 4 -16 2 -16 10 (a) Check that the following are eigenvectors for A, determining the eigenvalue for each (all eigenvalues are integers): V = , V = V3 = 2...
-
Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $140,000, and Keon transferred an acre of undeveloped land to...
-
Explain the concept of global stratification. Also explain the systems of stratification used to differentiate the socio-economic status of countries around the world. Provide complete description of...
Study smarter with the SolutionInn App