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  3. 2 apple inc. popularized both the personal compute

2 Apple Inc. popularized both the personal computer and the easy-to-use graphic interface. Today it...

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Accounting

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2 Apple Inc. popularized both the personal computer and the easy-to-use graphic interface. Today it competes with many companies that rely on the Windows and Android operating systems. The company's statement of earnings for a recent year is presented below (in millions of U.S. dollars): $265,595 163, 756 101,839 awarded ored Net sales Cost of sales Gross profit Operating expenses ! Research and development Selling, general, and administrative Total operating expenses Earnings from operations Other income/(expense), net Earnings before provision for income taxes Provision for income taxes Net earnings 14,236 16,705 30,941 70,898 2,005 72,903 13,372 $ 59,531 Book rint rences Required: 1. Compute the return on assets based on the information presented in the statement of earnings. Apple's total assets averaged $370,522 million for that year and its interest expense equalled $3,240 million. (Do not round intermediate calculations. Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).) Return on assets 16.9

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