Homework Answers
| 1) | Total Assets = Liabilitites + equity | ||||
| Apple | |||||
| $ 3,75,319 | $ 1,97,295 | ||||
| 2) | Average Assets = (beginning Assets + ending Assets)/2 | ||||
| Apple | |||||
| = ( $321686+375319)/2 | = ( $167497+197295)/2 | ||||
| = $ 348502.5 | = $ 182396 | ||||
| Return On Assets = Net Income / Average Assets | |||||
| Apple | |||||
| = $48351/348502.5 | = $12662/182396 | ||||
| =13.87 % | =6.94 % | ||||
| 3) | Expenses = Revenue - net income | ||||
| Apple | |||||
| =$229234-48351 | =110855-12662 | ||||
| $ 1,80,883 | $ 98,193 | ||||
| 4) | 4a) | Yes | |||
| 4b) | NO | ||||
| 5) | Apple | ||||
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Key Figure Liabilities + Equity Net income Revenues Apple Current Year Prior Year $375, 319 $321,686...
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