Key figures for Apple and Google follow. Required 1. Compute the recent two years' cash flow on
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Required
1. Compute the recent two years' cash flow on total assets ratios for Apple and Google.
2. What does the cash flow on total assets ratio measure?
3. Which company has the highest cash flow on total assets ratio for the periods shown?
4. Does the cash flow on total assets ratio reflect on the quality of earnings? Explain.
Transcribed Image Text:
Google Apple Current Year Current Year I Year Prior 2 Years I Year Prior 2 Years Prior ($ millions) Prior Operating cash flows Total assets $ 50,856 $ 37,529 $18,595 75,183 $14,565 $16,619 93,798 $11,081 57,851 72,574 116,371 176,064
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Cash flow on total assets ratio measures a companys ability to settle the obligations dividends and ...View the full answer
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