Key figures for Apple and Google follow. Required 1. Compute return on total assets for Apple and
Question:
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. Compute both profit margin and total asset turnover for Apple and Google for the most recent year.
Transcribed Image Text:
Apple Google Current 1 Year 2 Years Current 1 Year 2 Years $ millions Prior Prior Year Prior Year Prior Net income ... Net sales..... $ 55,256 $ 59,531 $ 48,351 $ 34,343 $ 30,736 $ 12,662 260,174 265,595 229,234 161,857 136,819 110,855 Total assets.... 338,516 365,725 375,319 275,909 232,792 197,295
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1 Apples return on total assets Current Year 55256 338516 3657...View the full answer
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