Question

Key comparative figures ($ millions) for both Apple and Google follow. LO Key Figure Liabilities + Equity Net income Revenues Apple Current Year Prior Year $375, 319 $321,686 48,351 45,687 229, 234 215,639 Google Current Year Prior Year $197, 295 $167,497 12,662 19,478 110,855 90,272 4 points eBook Required: 1. What is the total amount of assets invested for the current year in (a) Apple and (b) Google? 2. What is the current-year return on assets for (a) Apple and (b) Google? 3. How much are current-year expenses for (a) Apple and (b) Google? 4-a. Is the current-year return on assets better than the 10% return of competitors for Apple? 4-b. Is the current-year return on assets better than the 10% return of competitors for Google? 5. Relying only on return on assets, would we invest in Google or Apple? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 What is the total amount of assets invested for the current year in (a) Apple and (b) Google? Apple Google Total amount of assets (in $ millions) Required Required 2

Answer 1

		Apple	Google
Total Amounts of Assets (in $millions)		$                  375,319.00	$                  197,295.00
Calculation of total asset is as follows
Formulae		Apple	Google
Total Assets	=	Total Liabilties + Equity	Total Liabilties + Equity
Total Assets	=	$                  375,319.00	$                  197,295.00
Question asks in different way to confuse students. Calculation of Total Asset is Total Liability Plus Equity