Key figures for Apple and Google follow. Required 1. Compute return on total assets for Apple and

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Key figures for Apple and Google follow.

Required

1. Compute return on total assets for Apple and Google for the two most recent years.

2. Which of these two companies has the better return on total assets for the current year?

3. In the current year, does return on assets outperform or under-perform the industry (assumed) average of 12% for (a) Apple and (b) Google?

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Related Book For answer-question

Financial Accounting Information for Decisions

ISBN: 978-1259917042

9th edition

Authors: John J. Wild

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Question Posted: Nov 13, 2019 05:14 AM

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Key figures for Apple and Google follow. Required 1. Compute return on total assets for Apple and

Question:

Apple Google 1 Year Prlor 2 Years Prior Current Year 2 Years Prior 1 Year Prior Current Year $ millions $ 45,687 215.639 321,686 $ 19,478 90.272 167,497 Net income $ 53,394 233.715 290,345 $ 39,510 182,795 231,839 $ 16,348 74.989 147,461 $ 14,136 66,001 129,187 Net sales Total assets.

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1 Apples return on total assets Current Year 45687 321...View the full answer

Financial Accounting Information for Decisions

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