Key comparative figures for both Apple and Google follow. Numbers shown are reported in millions of dollars. Apple Google Current Year Prior Year Current Year Prior Year $275,909 34,343 161,857 $ millions Liabilities + Equity Net income Revenues $338,516 55, 256 260,174 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? Required 1 $365,725 59,531 265,595 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? Complete this question by entering your answers in the tabs below. Return on assets Required 2 Required 3 Answer is complete but not entirely correct. Required 4 Required 5 $232,792 30,736 136,819 What is the current-year return on assets for (a) Apple and (b) Google? (Round your percentage answers to 1 decimal Apple Google 16.3 % 12.5 < Required 1 % Required 3 >

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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I am having some difficulty with questions 1 through 5, I would appreciate some clarification.

 

Key comparative figures for both Apple and Google follow. Numbers shown are reported in millions of dollars.
Apple
Google
Current Year Prior Year Current Year
$338,516
55, 256
$275,909
34,343
260, 174
161,857
$ millions
Liabilities + Equity
Net income
Revenues
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?
Required 1
$365,725
59,531
265,595
Complete this question by entering your answers in the tabs below.
Return on assets
> Answer is complete but not entirely correct.
Required 2 Required 3
<
Required 4
What is the current-year return on assets for (a) Apple and (b) Google? (Round your percentage answers to 1 decimal place.)
Apple
Google
16.3 %
Prior Year
$232,792
30,736
136,819
12.5 X %
Required 5
Required 1
Required 3 >
Transcribed Image Text:Key comparative figures for both Apple and Google follow. Numbers shown are reported in millions of dollars. Apple Google Current Year Prior Year Current Year $338,516 55, 256 $275,909 34,343 260, 174 161,857 $ millions Liabilities + Equity Net income Revenues 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? Required 1 $365,725 59,531 265,595 Complete this question by entering your answers in the tabs below. Return on assets > Answer is complete but not entirely correct. Required 2 Required 3 < Required 4 What is the current-year return on assets for (a) Apple and (b) Google? (Round your percentage answers to 1 decimal place.) Apple Google 16.3 % Prior Year $232,792 30,736 136,819 12.5 X % Required 5 Required 1 Required 3 >
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