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FINANCIAL ACCOUNTING

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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JON IL
%3D
Paragraph
Description
Apple
गग्ग०
%2423,253,000
Total revenue
$42,905,000
Earnings before
$8,464,000
interest and taxes
Interest expenses
$630,000
Earnings before tax
Taxes at 40%
%242,241,000
arnings after tax
$8,235,000
$5,593,000
$22,326,000
000000000
Equity
$431,640,000
000 060
a. Calculate each company's return on equity (ROE)
and return on assets (ROA).
b. Which company has performed better in terms of
profitability?
c. If the two companies were combined (merged).
what would be the impact on the results on ROE?
Under what conditions would such a combination
make sense?

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