Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $ 338,516 260,174 Apple One Year Prior $365,725 265,595 Apple Google Complete this question by entering your answers in the tabs below. Two Years Prior $375,319 229,234 Required: 1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown. 2. In the current year, which company is more efficient in generating net sales given total assets? 3. Does asset turnover underperform or outperform the 0.5 industry asset turnover for (a) Apple and (b) Google? Total Asset Turnover Current Year 0.61 times times Current Year $275,909 161,857 Required 1 Required 2 Required 3 Compute total asset turnover for the most recent two years for Apple and Google using the data shown. Note: Round your answers to 2 decimal places. One Year Prior times times < Required 1 Google One Year Prior $ 232,792 136,819 Two Years Prior $ 197,295 110,855 Required 2 >

Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $ 338,516 260,174 Apple One Year Prior $365,725 265,595 Apple Google Complete this question by entering your answers in the tabs below. Two Years Prior $375,319 229,234 Required: 1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown. 2. In the current year, which company is more efficient in generating net sales given total assets? 3. Does asset turnover underperform or outperform the 0.5 industry asset turnover for (a) Apple and (b) Google? Total Asset Turnover Current Year 0.61 times times Current Year $275,909 161,857 Required 1 Required 2 Required 3 Compute total asset turnover for the most recent two years for Apple and Google using the data shown. Note: Round your answers to 2 decimal places. One Year Prior times times < Required 1 Google One Year Prior $ 232,792 136,819 Two Years Prior $ 197,295 110,855 Required 2 >

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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Office Depot, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and sales of $50,000 million in 2020 Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Office Depot, Inc.’s (a) asset turnover and (b) profit margin? (Round to two decimals.) Provide a brief interpretation of your results.
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4 Office Depot, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and sales of $25,000 million in 2018. Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Office Depot, Inc.’s (a) asset turnover and (b) profit margin? (Round to two decimals.) Provide a brief interpretation of your results.
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