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 operatingincome.
2. Compute Apple’s return on investment (in percent) for fiscal 2017 using operating income. Round to two decimals.
Data from Apple’s
