Calculate basic ROCE for the three years

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Reference no: EM132790961

Question - Following is data for Apple Corp. for 2004, 2005, and 2019 (amounts in millions)

2019 $2,462

2018 $1,928

2017 $1,470

Average common shareholders' equity

Average number of shares outstanding $270 $268 $264

Net Income $890 $804 $690

Required -

a. Calculate EPS for the three years.

b. Calculate basic ROCE for the three years.

c. Interpret the trend in each ratio and explain what may have caused these trends.

Reference no: EM132790961

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