Question: Key comparative figures for both Apple and Google follow. $ millions Apple Google Current Year Prior Year Current Year Prior Year Liabilities + Equity $338,516
Key comparative figures for both Apple and Google follow.
| $ millions | Apple | |||
|---|---|---|---|---|
| Current Year | Prior Year | Current Year | Prior Year | |
| Liabilities + Equity | $338,516 | $365,725 | $275,909 | $232,792 |
| Net income | 55,256 | 59,531 | 34,343 | 30,736 |
| Revenues | 260,174 | 265,595 | 161,857 | 136,819 |
Required: 1. What is the total amount of assets invested for the current year in (a) Apple and (b) Google? 2. What is the current-year return on assets for (a) Apple and (b) Google? 3. How much are current-year expenses for (a) Apple and (b) Google? 4-a. Is the current-year return on assets better than the 10% return of competitors for Apple? 4-b. Is the current-year return on assets better than the 10% return of competitors for Google? 5. Relying only on return on assets, would we invest in Google or Apple?
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What is the current-year return on assets for (a) Apple and (b) Google? (Round your percentage answers to 1 decimal place.)
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