Answered: Accounting Analysis (AA) is a section…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.2DC

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Question

Accounting professionals apply many technology tools to aid them in their everyday tasks and decision making. The General Ledger tool in Connect automates several of the procedural steps in the accounting cycle so the accounting professional can focus on the impacts of each transaction on the full set of financial statements. use this tool in helping students see the advantages of technology and, in particular, the power of the General Ledger tool in accounting practice, including financial analysis and “what-if” scenarios. What is Apple’s return on assets for the current year?

Accounting Analysis (AA) is a section aimed to refine company analysis, comparative analysis, and
global analysis skills; Accounting Analysis assignments are available in Connect.
Accounting Analysis
AA 1-1 Key financial figures for Apple's two most recent fiscal years follow.
$ mllons
Liabilittes + Equity
Current Year Prlor Year
$375,319
$321,686
Net Income
48,351
45,687
Revenues.
229,234
215,639

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