Business, 19.10.2020 18:01 bloodyflower2003

Key figures for Apple and Google follow. $ millions Apple Google
Cash and equivalents. . . . . . . $20,484 $12,918
Accounts receivable, net. . . . . 15,754 14,137
Inventories. . . . . . . . . . . . 2,132 268
Retained earnings. . . . . . . . . 96,364 105,131
Cost of sales. . . . . . . . . . . 131,376 35,138
Revenues. . . . . . . . . . . . . . 215,639 90,272
Total assets. . . . . . . . . . . . 321,686 167,497

Required:
a. Compute common-size percents for each of the companies using the data provided.
b. If Google decided to pay a dividend, would retained earnings as a percent of total assets increase or decrease

Answers: 2

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Answers

a. Common-size analysis Income statement figures expresses them as a percentage of Sales while for Balance sheet figures, entries are expressed as a percentage of Total Assets.

Cash and Cash Equivalents

Apple Google

= 20,484/321,686 = 6.37 % = 12,918/167,497 = 7.71%

Accounts Receivables

Apple Google

= 15,754/321,686 = 4.90 % = 14,137/167,497 = 8.44%

Inventories

Apple Google

= 2,132/321,686 = 0.66 % = 268/167,497 = 0.16%

Retained Earnings

Apple Google

= 96,364/321,686 = 29.96 % = 105,131/167,497 = 62.77%

Cost of Sales

Apple Google

= 131,376/215,639 = 60.92 % = 35,138/90,272 = 38.92%

Apple Google

Cash and equivalents 6.37% 7.71%

Accounts receivable, net 4.90% 8.44%

Inventories 0.66% 0.16%

Retained Earnings 29.96% 62.77%

Cost of Sales 60.92% 38.92%

Revenues 100% 100%

Total Assets 100% 100%

b. Dividends are paid from Retained Earnings so Retained earnings as a percent of total assets WILL DECREASE.

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Key figures for Apple and Google follow. $ millions Apple Google
Cash and equivalents. . . ....

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