Key figures for Apple and Google follow.$ millionsCash and equivalentsAccounts receivable, netInventoriesRetained earningsCost of salesRevenuesTotal assetsApple$ 48,84422,9264,10645,898161,782260,174338,516Required:1. Compute common-size percents for each company using the data given.2. If Google paid a dividend, would retained earnings as a percent of total assets increase or decrease?3. Which company has the better gross margin ratio on sales?Required 1 Required 2 Required 3Complete this question by entering your answers in the tabs below.$ millionsCash and equivalentsAccounts receivable, netInventoriesRetained earningsCost of salesRevenuesTotal assetsGoogle$ 18,49825,326999152,12271,896161,857275,909Compute common-size percents for each company using the data given.Note: Input all the values as positive numbers. Enter your answers in millions. Round your percentage answers to 1 decimalplace.Apple%%%%%%%Google%%%%%%%

Key figures for Apple and Google follow. $ millions Cash and equivalents Accounts receivable, net Inventories Retained earnings Cost of sales Revenues Total assets Apple $ 48,844 22,926 4,106 45,898 161,782 260,174 338,516 Google $ 18,498 25,326 999 152,122 71,896 161,857 275,909 Required: 1. Compute common-size percents for each company using the data given. 2. If Google paid a dividend, would retained earnings as a percent of total assets increase or decrease? 3. Which company has the better gross margin ratio on sales?

Key figures for Apple and Google follow. $ millions Cash and equivalents Accounts receivable, net Inventories Retained earnings Cost of sales Revenues Total assets Apple $ 48,844 22,926 4,106 45,898 161,782 260,174 338,516 Google $ 18,498 25,326 999 152,122 71,896 161,857 275,909 Required: 1. Compute common-size percents for each company using the data given. 2. If Google paid a dividend, would retained earnings as a percent of total assets increase or decrease? 3. Which company has the better gross margin ratio on sales?

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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Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold FANNING COMPANY Vertical Analysis of Income Statements Year 4 Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income Amount $ 231,900 9,300 241,200 118,800 54,200 6,800 22,800 202,600 $ 38,600 Percentage of Total Analysis Bal Sheet % % Year 3 Amount $ 211,200 6,400 217,600 102,100 49,100 6,000 21,800 179,000 $ Percentage of Total % % 38,600 Analysis Inc Stmt > Show less
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