
Concept introduction:
Return on Assets: It is a financial ratio between the net income and the total assets. Usually, it is represented in terms of percentage and not as a ratio even though it is a financial ratio.
Income: It is the grand total of the profit, earnings, wages, savings and the other forms of the income generated by an individual or a company.
Expense: The movement of money or assets from one company to other company in the form of payment for the service or an item is called expense.
1. To determine: The total amount of assets invested in Apple
2. To determine: The return on assets of Apple’s fiscal year 2015
3. To determine: The Total expenses of Apple for the end of year 2015
4. To determine: Whether the return on assets of Apple and Google for the fiscal year are satisfactory
5. To write: The investigation of Apple’s financial statement and the interpretation of its result for the the year 2015

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Chapter 1 Solutions
Loose Leaf for Fundamental Accounting Principles
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