Key comparative figures for both Apple and Google follow. Apple Google $ millions Current Year Prior Year Current Year Prior Year Liabilities + Equity $365,725 $375,319 $232,792 $197,295 Net income 59,531 48,351 30,736 12,662 Revenues 265,595 229,234 136,189 110,855
Key comparative figures for both Apple and Google follow. Apple Google $ millions Current Year Prior Year Current Year Prior Year Liabilities + Equity $365,725 $375,319 $232,792 $197,295 Net income 59,531 48,351 30,736 12,662 Revenues 265,595 229,234 136,189 110,855
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Key comparative figures for both Apple and Google follow.
| Apple | |||||
| $ millions | Current Year | Prior Year | Current Year | Prior Year | |
| Liabilities + Equity | $365,725 | $375,319 | $232,792 | $197,295 | |
| Net income | 59,531 | 48,351 | 30,736 | 12,662 | |
| Revenues | 265,595 | 229,234 | 136,189 | 110,855 | |
Required:
1. What is the total amount of assets invested for the current year in (a) Apple and (b) Google?
2. What is the current-year return on assets for (a) Apple and (b) Google?
3. How much are current-year expenses for (a) Apple and (b) Google?
4-a. Is the current-year return on assets better than the 10% return of competitors for Apple?
4-b. Is the current-year return on assets better than the 10% return of competitors for Google?
5. Relying only on return on assets, would we invest in Google or Apple?
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