Key comparative figures for both Apple and Google follow. Numbers shown are reported in millions of dollars.$ millionsLiabilities + EquityNet incomeRevenuesAppleGoogleCurrent YearPrior Year$ 365,725Current Year$ 275,909$ 338,51655,256260,17459,531265,59534,343161,857Prior Year$ 232,79230,736136,819 2. What is the current-year return on assets for(a) Apple and(b) Google?

The formula to obtain the return on assets is:Return on assets=Net income/Average Total Assets Since…

Answered: Key comparative figures for both Apple…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter3: The Adjusting Process

Section: Chapter Questions

Problem 29E

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Calculate the equity multiplier (total assets / total equity) for the firm below. Keep to 2 decimal places and do not convert it. ....for examples, if you calculate 6,000/400 = 15, you should enter 15 into BB to be marked correct. Sales $5,000 COGS $1,200 Depreciation $800 Interest $500 Net Income $200 Total Assets 6000 Total Equity 1300
Assume the following information is given:Income statementNet sales sh. 200,000Operating income 10,000 Balance sheetCurrent assets 95,000Total assets 150,000 Current liabilities 80,000Total liabilities 125,000Retained earnings 25,000 The market value of equity is sh. 300,000Required:Evaluate the credit worthiness of the borrower using Altman Z
What summary of financial performance can you conclude based on data given?
Calculate the Trend Analysis from the following information of Kamanga Invest-Trust Bank Ltd., taking 2010 as a base year and interpret them (in thousands). Year Deposits Advances Profits 2010 2011 2012 2013 2014 2015 20,559,498 26,645,251 31,980,696 37,299,877 40,845,783 44,042,730 9,714,728 12,550,440 15,883,495 17,726,607 19,599,764 19,599,764 350,311 406,287 504,020 553,525 637,634 806,755
Computing Return on Equity and Return on Assets The following table reports financial statement information for Meta (Facebook's parent company). $ millions Total Assets Net Income Sales Equity FY3 FY2 $185,727 $165,987 $23,200 $116,609 $125,713 $39,370 $117,929 $124,879 FY1 $159,316 $26,146 $85,965 $128,290 Required a. Compute the following ratios for the two most recent years. NOTE: Round any intermediate calculations to the nearest whole dollar amount. Numerator Denominator Result Ratios Return on equity (ROE) FY3 FY2 Return on assets (ROA) FY3 FY2 Profit margin (PM) FY3 FY2 Asset turnover (AT) FY3 FY2 $ $ % % $ $ % % $ $ % % $ b. Which of the following best explains the change in ROA during FY3? ÷
Million Dream Trading has reported the following from its business operation from period 2007 through 2018: a. Sales (32.067, 35,422. 70,881, 95,519, 122,128, 165,654, 188,793, 232,834, 263,159, 273,046, 269,693, 294,619) b. Expenses (28,320, 31,490, 69, 371, 84, 747, 105,310, 144,175, 164,799, 198,966, 224,105, 236,388, 240,171, 261,738) c. Other Income (534, 849, 1,039, 2,103, 660, 662, 816, 829, 899, (932), 1,937, 4,509) d. Interest (465, 913, 2,171, 2,465, 2,385, 2,982, 3,560, 4,749, 4,861, 4,889, 4,283, 4,682) e. Prevailing tax rate is 28.23% (round off amount) Prepare the following: {1. Individual P & L using multiple worksheets. 2. Consolidated P & L for the period 2007 - 2018.
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ACCOUNTING ASAP Assume the following data: EBIT = 100; Depreciation = 40; Interest = 20; Dividends = 10. Calculate the cash coverage ratio. Select one: a. 7.0x b. 4.7x c. 14.0x d. 5.0x
using the table find the folloing for the four firms: Enterprise value to EBITDA Ratio Price-Earnings multiole PEG raio Cpmpany Market Value (OMR million) Net Income (OMR million) Earnings Growth Market Value of Equity (OMR million) Market Value of Debt (OMR million) Cash (OMR million) EBITDA (OMR million) Happy 117.95 22.5 4% 53.07 64.87 41.25 43.85 Smart 112.35 20.25 4.5% 59.53 52. 79 45 44.88 Kind 116.26 21 4.65% 69.76 46.5 63.95 28.20 Cheerful 120 24 5% 42 78 62.4 44.32
Perform a vertical analysis on both companies. Comment on at least three points, interpreting the data into management information
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