Saved AA 09-1 Company Analysis LO C1 Review Apple's financial statements in Appendix A and...
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Saved AA 09-1 Company Analysis LO C1 Review Apple's financial statements in Appendix A and identify its (a) total assets as of September 30, 2017, and September 24, 2016, and (b) operating income for the year ended September 30, 2017. Required 1. Assume Apple's target income is 12% of average assets. Compute Apple's residual income for fiscal 2017 using operating income. 2. Compute Apple's return on investment (in percent) for fiscal 2017 using operating income. (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume Apple's target income is 12% of average assets. Compute Apple's residual income for fiscal 2017 using operating income. Apple's residual income Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Apple's return on investment (in percent) for fiscal 2017 using operating income. (Round your answers to 2 decimal places.) Apple's return on investment (in percent) %
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