3. Calculate Apple's return on equity for 2018 and 2019 (stockholders' equity for 2017 was $134,047 million). The industry average for 2019 was 15.26%. Round answers to two decimal places. 2019 2018 % % Comment on Apple's profitability. Apple is the industry average for return on equity for 2019.
3. Calculate Apple's return on equity for 2018 and 2019 (stockholders' equity for 2017 was $134,047 million). The industry average for 2019 was 15.26%. Round answers to two decimal places. 2019 2018 % % Comment on Apple's profitability. Apple is the industry average for return on equity for 2019.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Integrating Accounting for Liabilities and Equity
Obtain Apple's fiscal year 2019 10-K (filed October 31, 2019) either from the "Investor Relations" portion of its website (do a web search for "Apple Investor Relations")
Transcribed Image Text:3. Calculate Apple's return on equity for 2018 and 2019 (stockholders' equity for 2017 was $134,047 million). The industry average for 2019 was 15.26%. Round your
answers to two decimal places.
2019
2018
%
%
Comment on Apple's profitability.
Apple is
the industry average for return on equity for 2019.
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