Google is a well-known technology company that provides Internet-based services and products. Google is the largest business of Alphabet Inc. Selected information about Alphabet Inc.'s resources and operations is presented below (amounts in millions of U.S. dollars): Total assets Total revenue Net earnings 2021 2020 $369,268 $319,619 257,637 182,527 76,033 40,269 2019 2018 2017 $275,909 $232,792 $197,295 161,857 136,819 110,855 34.343 30,736 12,662 2016 $167,497 90,272 19,478 Required: 1. Complete the following table by computing the total asset turnover ratio and the return on assets for 2021, 2020, and 2019.
Google is a well-known technology company that provides Internet-based services and products. Google is the largest business of Alphabet Inc. Selected information about Alphabet Inc.'s resources and operations is presented below (amounts in millions of U.S. dollars): Total assets Total revenue Net earnings 2021 2020 $369,268 $319,619 257,637 182,527 76,033 40,269 2019 2018 2017 $275,909 $232,792 $197,295 161,857 136,819 110,855 34.343 30,736 12,662 2016 $167,497 90,272 19,478 Required: 1. Complete the following table by computing the total asset turnover ratio and the return on assets for 2021, 2020, and 2019.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Google is a well-known technology company that provides Internet-based services and products. Google is the largest
business of Alphabet Inc. Selected information about Alphabet Inc.'s resources and operations is presented below
(amounts in millions of U.S. dollars):
2021
Total assets $369,268
Total revenue
257,637
Net earnings
76,033
2020
$319,619
182,527
40,269
2019
$275,909
161,857
34,343
2018
2017
$232,792 $197,295
136,819
110,855
30,736
12,662
2016
$167,497
90,272
19,478
Required:
1. Complete the following table by computing the total asset turnover ratio and the return on assets for 2021, 2020,
and 2019.
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