The following financial highlights were drawn from the 2014 annual reports of ExxonMobil Corporation and Apple Inc.
Question:
The following financial highlights were drawn from the 2014 annual reports of ExxonMobil Corporation and Apple Inc.
Even so, as of December 11, 2015, Wall Street valued ExxonMobil at $310 billion and Apple at $631 billion.
Divide the class into groups of four or five students.
Required
Have the members of each group reach a consensus response for each of the following tasks. Each group should elect a spokesperson to represent the group.
Group Tasks
(1) Determine the amount of expenses incurred by each company.
(2) Speculate as to why investors would be willing to pay more for Apple than ExxonMobil.
Step by Step Answer:
Survey of Accounting
ISBN: 978-1259631122
5th edition
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay