Calculate ROCE for 2016 using average balances for any balance sheet amounts.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Alphabet Inc., the parent of Google, reported the following financial data (amounts in
millions):
Sales
Net income (loss)
Year Ended December 31,
2016 2015 2014
$90,272 $74,989 $66,001
16,348 14,136
19,478
Interest expense
0
Preferred stock dividend 0
35%
0
0
35%
0
0
35%
Income tax rate
January 31:
Total assets
Preferred stock
0
0 0
Total common shareholders' equity 139,036 120,331 103,860
Calculate ROCE for 2016 using average balances for any balance sheet amounts.
2016
2015 2014
$167,497 $147,461 $129,187
Transcribed Image Text:Alphabet Inc., the parent of Google, reported the following financial data (amounts in millions): Sales Net income (loss) Year Ended December 31, 2016 2015 2014 $90,272 $74,989 $66,001 16,348 14,136 19,478 Interest expense 0 Preferred stock dividend 0 35% 0 0 35% 0 0 35% Income tax rate January 31: Total assets Preferred stock 0 0 0 Total common shareholders' equity 139,036 120,331 103,860 Calculate ROCE for 2016 using average balances for any balance sheet amounts. 2016 2015 2014 $167,497 $147,461 $129,187
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