2014 2013 Net Income $39,510 $37,037 Total Assets 231,839 207,000 Required a. What was Apple's return on assets for 2014 and 2013? (Round to one decimal point) b. Based on your answer from part a., how did the company's performance change from 2013 to 2014? a. Return on Assets 2014 (17) % * 2013 17.9% ✓

2014 2013 Net Income $39,510 $37,037 Total Assets 231,839 207,000 Required a. What was Apple's return on assets for 2014 and 2013? (Round to one decimal point) b. Based on your answer from part a., how did the company's performance change from 2013 to 2014? a. Return on Assets 2014 (17) % * 2013 17.9% ✓

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

2014
2013
Net Income $39,510 $37,037
Total Assets 231,839 207,000
Required
a. What was Apple's return on assets for 2014 and 2013? (Round to one decimal point)
b. Based on your answer from part a., how did the company's performance change from 2013 to 2014?
a.
Return on Assets
2014
(17) % *
2013
17.9%

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