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 Google
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.)

Apple Google
Return on assets % %

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