Question: Key comparative information for Nokia (www.Nokia.com), which is a leading global manufacturer of mobile devices and services, follows (in EUR).
(Euro millions) Current Year 1 Year Prior 2 Years Prior
Operating cash flows . . . 3,247 3,197 7,882
Total assets . . . . . . . . . . . 35,738 39,582 37,599
Required: 1. Compute the recent two years' cash flow on total assets ratio for Nokia.
2. How does Nokia's ratio compare to Research In Motion's and Apple's ratios from BTN 16-2?