Samsung is a leading global manufacturer that competes with Apple and Google. Key financial figures for Samsung, Apple, and Google follow. Korean Won & USD Samsung* Apple Google in millions Current Year Prior Year Current Year Current Year Average assets ₩320,554,667 ₩281,963,207 $370,522 $215,044 Net income ₩ 44,344,857 ₩ 42,186,747 59,531 30,736 Revenues ₩243,771,415 ₩239,575,376 265,595 136,819 *Figures prepared in accordance with International Financial Reporting Standards as adopted by the Republic of Korea. Required: 1. What is the return on assets for Samsung in the (a) current year and (b) prior year? 2. Does Samsung's return on assets exhibit a favorable or unfavorable change? 3-a. Is Samsung's current-year return on assets better or worse than that for Apple? 3-b. Is Samsung's current-year return on assets better or worse than that for Google?
Samsung is a leading global manufacturer that competes with Apple and Google. Key financial figures for Samsung, Apple, and Google follow. Korean Won & USD Samsung* Apple Google in millions Current Year Prior Year Current Year Current Year Average assets ₩320,554,667 ₩281,963,207 $370,522 $215,044 Net income ₩ 44,344,857 ₩ 42,186,747 59,531 30,736 Revenues ₩243,771,415 ₩239,575,376 265,595 136,819 *Figures prepared in accordance with International Financial Reporting Standards as adopted by the Republic of Korea. Required: 1. What is the return on assets for Samsung in the (a) current year and (b) prior year? 2. Does Samsung's return on assets exhibit a favorable or unfavorable change? 3-a. Is Samsung's current-year return on assets better or worse than that for Apple? 3-b. Is Samsung's current-year return on assets better or worse than that for Google?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Samsung is a leading global manufacturer that competes with Apple and Google. Key financial figures for Samsung, Apple, and Google follow.
Korean Won & USD Samsung* Apple Google
in millions Current Year Prior Year Current Year Current Year
Average assets ₩320,554,667 ₩281,963,207 $370,522 $215,044
Net income ₩ 44,344,857 ₩ 42,186,747 59,531 30,736
Revenues ₩243,771,415 ₩239,575,376 265,595 136,819
*Figures prepared in accordance with International Financial Reporting Standards as adopted by the Republic of Korea.
Required:
1. What is the return on assets for Samsung in the (a) current year and (b) prior year?
2. Does Samsung's return on assets exhibit a favorable or unfavorable change?
3-a. Is Samsung's current-year return on assets better or worse than that for Apple?
3-b. Is Samsung's current-year return on assets better or worse than that for Google?
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