FINANCIAL+MANAG.ACCT.
9th Edition
ISBN: 9781260728774
Author: Wild
Publisher: RENT MCG
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Chapter 12, Problem 2.1AA
To determine
Introduction:
The cash flow on total assets ratios.
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Key financial figures for Apple’s two most recent fiscal years follow. $ millions Current Year Prior Year Liabilities + Equity . $375,319 $321,686 Net income . 48,351 45,687 Revenues 229,234 215,639 Required 1. What is the total amount of assets invested in Apple in the current year? 2. What is Apple’s return on assets for the current year? 3. How much are total expenses for Apple for the current year? 4. Is Apple’s current-year return on assets better or worse than competitors’ average of 10% return?
Chapter 12 Solutions
FINANCIAL+MANAG.ACCT.
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