Key figures for Apple and Google follow. Required 1. Compute common-size percents for each of the companies
Question:
Key figures for Apple and Google follow.
Required
1. Compute common-size percents for each of the companies using the data provided. (Round percents to one decimal.)
2. If Google decided to pay a dividend, would retained earnings as a percent of total assets increase or decrease?
3. Which company has a higher gross margin ratio on sales?
Transcribed Image Text:
Apple $ millions Cost of sales. Revenues.. Total assets.. $ mllions Google Apple Google $ 12,918 14,137 268 105,131 Cash and equivalents.... Accounts receivable, net . Inventories Retained earnings.. $20,484 15,754 2,132 $131,376 215,639 321,686 $ 35,138 90,272 167,497 96,364
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1 Key figures millions Apple Google Cash and equivalents 64 20484 77 12918 ...View the full answer
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th edition
Authors: John J. Wild
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