Thursday, January 20, 2011

Average Apple salary is only $46k

John Cassidy of The New Yorker took a deep dive into the balance sheets of both Apple and Goldman Sachs to see which company offers the best return on the capital it employs. Using the latest earnings reports from the two American companies, Cassidy calculates that the two firms share similar profit margins but vastly different economic returns. Cassidy looked at each company's return on assets (ROA) and calculated that Apple is twenty times more profitable than Goldman Sachs.

According to

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