Problem1. Calculate and interpret ratios
Dell Corporation and Apple Inc. reported the following information in their 2009 yearly financial statements ($ in millions):
Dell Corporation 2009 2008
Net sales $ 61,101 $ 61,133
Net income 2,478 2,947
Total assets 26,500 27,561
Apple Inc. 2009 2008
Net sales $ 36,537 $ 32,479
Net income 5,704 4,834
Total assets 53,581 39,572
Problem2
Required:
1. Calculate Dell’s profit margin, return on assets, and asset turnover ratio for 2009.
Problem3:
2. Calculate Apple’s profit margin, return on assets, and asset turnover ratio for 2009.