Selected data from Hewlett-Packard Company at October 31, 2017, follow. REQUIRED: a. Using the data for Apple

Question:

Selected data from Hewlett-Packard Company at October 31, 2017, follow.

REQUIRED:

a. Using the data for Apple Inc. in P2-49, compare and discuss the two companies on the basis of how they finance their operations.

b. Which company reports the higher ratio of income to assets (net income/total assets)? Suggest a reason for this result.

c. Which firm has the higher gross margin (gross profit as a percentage of sales)? What factors might account for the difference?

Data from P2-49:

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 15, 2021 02:11 AM

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Selected data from Hewlett-Packard Company at October 31, 2017, follow. REQUIRED: a. Using the data for Apple

Question:

Cost of Gross Net ($ millions) Sales Sales Profit Income Assets Liabilities Equity Hewlett-Packard..... $52.056 $42,478 $9,578 $2,526 $32,913 $36,321 $(3,408)

Step by Step Answer:

a While Apple is 64 debt financed HewlettPackards liabilities exceed its total assets It has negativ...View the full answer

Financial Accounting

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