Review the following selected income statement and balance sheet data for fiscal years ending in 2017.

REQUIRED

a. Compare and discuss how these companies finance their operations.

b. Which companies report the highest ratio of income to assets (net income/total assets)? Suggest a reason for this result.

c. Which companies have the highest estimated ROE? Is this result a surprise? Explain.

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Cost of Gross Net (S millions) Sales Sales Profit Income Assets Liabilities Equity Comcast Corporation.... $ 84,526 Apple Inc. ... Nike Inc... $ 25,384 141,048 19,038 51,125 $59, 142 $22,900 $186,949 $117,500 $ 69,449 375,319 23,259 229,234 88, 186 48,351 4,240 241,272 134,047 10,852 34,350 71,879 15,312 12.407 Target Corporation.... Harley-Davidson Inc. 20,754 2.934 38,999 27,290 11,709 4,915 3,262 1,653 522 9,973 8, 129 1,844