Question

Question: Key comparative figures (\( millions) for both Apple and Google follow.

Key Figure Apple Google

Liabilities + Equity . . . . . . . . . . . . \)290,479 $147,461

Net income . . . . . . . . . . . . . . . . . . 53,394 16,348

Revenues and sales . . . . . . . . . . . 233,715 74,989

Required 3. How much are expenses for (a) Apple and (b) Google?

Short answer

Answer

The expenses of Apple are $180,321 and the expenses of Google are $58,641

Step-by-step solution

Expenses of Apple 

$$\begin{gathered} \mathbf{Expenses}\mathbf{=}\mathbf{Revenue}\mathbf{-}\mathbf{NetIncome} \\ \mathbf{=}\mathbf{233}\mathbf{,}\mathbf{715}\mathbf{-}\mathbf{53}\mathbf{,}\mathbf{394} \\ \mathbf{=}\mathbf{\$}\mathbf{180}\mathbf{,}\mathbf{321} \end{gathered}$$

Expenses of Google

$$\begin{gathered} \mathbf{Expenses}\mathbf{=}\mathbf{Revenue}\mathbf{-}\mathbf{NetIncome} \\ \mathbf{=}\mathbf{74}\mathbf{,}\mathbf{989}\mathbf{-}\mathbf{16}\mathbf{,}\mathbf{348} \\ \mathbf{=}\mathbf{\$}\mathbf{58}\mathbf{,}\mathbf{641} \end{gathered}$$