Samsung is a leading global manufacturer that competes with Apple and Google. Key financial figures for Samsung, Apple, and Google follow. Korean Won & USD Samsung* Apple Google in millions Current Year Prior Year Current Year Current Year Average assets ₩320,554,667 ₩281,963,207 $370,522 $215,044 Net income ₩ 44,344,857 ₩ 42,186,747 59,531 30,736 Revenues ₩243,771,415 ₩239,575,376 265,595 136,819 *Figures prepared in accordance with International Financial Reporting Standards as adopted by the Republic of Korea. Required: 1. What is the return on assets for Samsung in the (a) current year and (b) prior year? 2. Does Samsung's return on assets exhibit a favorable or unfavorable change? 3-a. Is Samsung's current-year return on assets better or worse than that for Apple? 3-b. Is Samsung's current-year return on assets better or worse than that for Google?

Samsung is a leading global manufacturer that competes with Apple and Google. Key financial figures for Samsung, Apple, and Google follow. Korean Won & USD Samsung* Apple Google in millions Current Year Prior Year Current Year Current Year Average assets ₩320,554,667 ₩281,963,207 $370,522 $215,044 Net income ₩ 44,344,857 ₩ 42,186,747 59,531 30,736 Revenues ₩243,771,415 ₩239,575,376 265,595 136,819 *Figures prepared in accordance with International Financial Reporting Standards as adopted by the Republic of Korea. Required: 1. What is the return on assets for Samsung in the (a) current year and (b) prior year? 2. Does Samsung's return on assets exhibit a favorable or unfavorable change? 3-a. Is Samsung's current-year return on assets better or worse than that for Apple? 3-b. Is Samsung's current-year return on assets better or worse than that for Google?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 96.4C

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