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Key comparative figures $ millions for both Apple and Google follow Key Figure Apple Google Liabilities Equity

Key comparative figures ($ millions) for both Apple and Google follow. Key Figure ___________________________ Apple ____________ Google Liabilities + Equity ....................... $290,479 ............ $147,461 Net income ................................ 53,394 ............ 16,348 Revenues and sales ...................... 233,715 ............ 74,989 Required 1. What is the total amount of assets invested in (a) Apple and (b) Google? 2. What is the return on assets for (a) Apple and (b) Google? Apple s beginning-year assets equal $231,839 (in millions) and Google s beginning-year assets equal $129,187 (in millions). 3. How much are expenses for (a) Apple and (b) Google? 4. Is return on assets satisfactory for (a) Apple and (b) Google? (Assume competitors average a 10% return.) 5. What can you conclude about Apple and Google from these computations?

May 22 2020 View more View Less

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