Chapter 1, Problem 1BTN

Key financial figures for Apple’s fiscal year ended September 26, 2015, follow.

Key Figure	$ Millions
Liabilities + Equity……………………..	$290,479
Net income……………………………...	53,394
Revenues………………………………..	233,715

Required

1. What is the total amount of assets invested in Apple?
2. What is Apple’s return on assets for fiscal year 2015? Its assets at September 27, 2014, equal $231,839 (in millions).
3. How much are total expenses for Apple for the year ended September 26, 2015?
4. Does Apple’s return on assets for fiscal 2015 seem satisfactory if competitors average a 10% return?
Fast Forward

Access Apple’s financial statements (Form 10-K) for years ending after September 26, 2015, from its website (Apple.com) or from the SEC website(SEC.gov) and compute its return on assets for those years. Compare the September 26, 2015. year-end return on assets to any subsequent year’s returns you are able to compute. And interpret the results.