Apple and Dell reported the following selected financial data ($ in millions):

Required:
1. Calculate Apple€™s return on assets, profit margin, and asset turnover ratio.
2. Calculate Dell€™s return on assets, profit margin, and asset turnover ratio.
3. Which company has the higher profit margin and which company has the higher asset turnover? Is this consistent with the primary business strategies of these twocompanies?

Transcribed Image Text:

Net sales Net income Total assets, beginning Total assets, ending Apple $108,249 25,922 75,183 116,371 Dell $62,071 3,492 38,599 44,533