FINAN&MANAGERIAL ACCT (LL)W/1TERM ACCESS
9th Edition
ISBN: 9781266178566
Author: Wild
Publisher: MCG
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Question
Chapter 12, Problem 3.1AA
To determine
Introduction:
The cash flow on total assets ratios for the recent two years.
Expert Solution & Answer
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What is the current-year return on assets for (a) Apple and (b) Google?
Attached is the financial information for Apple Inc. Please answer questions 1 through 3 please.
1. What is Apple's current ratio in 2022? a. 1.08
b. 1.17
c. 1.29
d. 1.36
2. What is Apple's cash flow ratio in 2021? a. 0.54
b. 0.66
c. 0.77
d. 0.83
3. What are Apple's purchases in 2021? a. $175.19 billion
b. $167.31 billion
c. $170.09 billion
d. $215.5 billion
Please interpret the numbers and compare the number, no required to explain the theory. Also answer if the business is a going concern?
CKM RATIOS:
2016
2017
2018
2019
2020
2021
Current ratio
0.66
0.58
0.96
0.92
1.06
0.83
Quick ratio
0.43
0.37
0.58
0.53
0.49
0.57
Operating cash flow ratio
0.10
0.01
0.01
0.00
0.02
0.07
PWC RATIOS:
2016
$000
2017
$000
2018
$000
2019
$000
2020
$000
2021
$000
Current ratio
2.37
2.23
2.07
1.89
2.74
2.16
Quick ratio
0.93
0.95
0.81
0.80
1.36
1.01
Operating cash flow ratio
1.02
0.72
0.96
0.47
0.32
0.52
Chapter 12 Solutions
FINAN&MANAGERIAL ACCT (LL)W/1TERM ACCESS
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