Apple Inc.

, Return on Equity (ROE)

Period Ending
27-Sep-14
Selected Financial Data (USD $ in million)
Net income
39,510
Shareholders equity
111,547
Ratio
ROE
33.61%

28-Sep-13

29-Sep-12

24-Sep-11

37,037
123,549

41,733
118,210

25,922
76,615

30.64%

42.84%

Microsoft Corp., Return on Equity (ROE)

Period Ending
30-Jun-14
Selected Financial Data (USD $ in million)
Net income
22,074
Shareholders equity
89,784
Ratio
ROE
26.17%

30-Jun-13

30-Jun-12

30-Jun-11

21,863
78,944

16,978
66,363

23,150
57,083

30.09%

27.51%

2014 Calculations:
Apple Inc. :
ROE =

Net income
'
Average Stockholder s equity

39,510
(111,547+123,549)/2

22,074
(89,784+78,944 )/2

= 33.61%

Microsoft Corp :
ROE =

Net income
Average Stockholder s ' equity

= 26.17%