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Hewlett Packard and IBM are close competitors in the sale

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Hewlett-Packard and IBM are close competitors in the sale of computer products and
technology consulting. Selected financial data for Hewlett-Packard and IBM are as follows:

Required:
1. Calculate the return on assets for both companies. Compare the ratios with those calculated
for Apple and Dell in Illustration 11–21.
2. Calculate the cash return on assets for both companies. Compare the ratios with those
calculated for Apple and Dell in Illustration 11–22.
3. Calculate the cash flow to sales ratio and the asset turnover ratio for both companies.
Compare the ratios with those calculated for Apple and Dell in Illustrations 11–24 and 25. Are
Hewlett-Packard’s and IBM’s business strategies closer to Apple’s or toDell’s?

Hewlett Packard and IBM are close competitors in the sale of

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