Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 28

Key financial figures for Apple's fiscal year ended September 28, 2013, follow.

Required
1. What is the total amount of assets invested in Apple
2. What is Apple's return on assets for fiscal year 2013 Its assets at September 29, 2012, equal $176,064 (in millions).
3. How much are total expenses for Apple for the year ended September 28, 2013
4. Does Apple's return on assets for fiscal 2013 seem satisfactory if competitors average a 10% return
Fast Forward
5. Access Apple's financial statements (Form 10-K) for years ending after September 28, 2013, from its website ( Apple.com ) or from the SEC website ( www.SEC.gov ) and compute its return on assets for those years. Compare the September 28, 2013, year-end return on assets to any subsequent years' returns you are able to compute, and interpret the results.