Alphabet Inc., the parent of Google, reported the following financial data (amounts inmillions):SalesNet income (loss)Year Ended December 31,2016 2015 2014$90,272 $74,989 $66,00116,348 14,13619,478Interest expense0Preferred stock dividend 035%0035%0035%Income tax rateJanuary 31:Total assetsPreferred stock00 0Total common shareholders' equity 139,036 120,331 103,860Calculate ROCE for 2016 using average balances for any balance sheet amounts.20162015 2014$167,497 $147,461 $129,187

Name: Alphabet Inc., the parent of Google, reported the following financial
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Description: Alphabet Inc., the parent of Google, reported the following financial data (amounts inmillions):SalesNet income (loss)Year Ended December 31,2016 2015 2014$90,272 $74,989 $66,00116,348 14,13619,478Interest expense0Preferred stock dividend 035%0035%0

Return on capital employed is one of the measure which is used by the company to compute the usage…

Answered: Calculate ROCE for 2016 using average…

Business

Accounting

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

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 17E

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