Question

A-2 APPENDIX A Specimen Financial Statements: Apple Inc CONSOLIDATED STATEMENTS OF OPERATIONS In millions, except number of shares which are relected In thousands and per share amounts 233,715 182,780 170.910 Cost of sales 1形배려 Gross magn 93,020 Operating expenses Resesroh and development Selling, general and actministrative ,007 041 11,383 4.476 10 830 Total operating expenses Operating ncome Other Incomeexperse net Income betore provislon for income txes 1 230 2,303 3,483 3,973 3,394 39,510 37 037 72515 Net income Eamings per share Basc ,783.421 ,083,572477 320 5,783,009 6,122.00 0.52 1.034 Cash dlvidends declared per share 1.98 S 1.82 154 See accompanylin Notes to Consoildated Financial Statements

Answer 1

Ans: a) Ernst and Young LLP. preformed audit of Apple's Financial Statement.

b) Earning per share in 2015 is

Diluted $9.22

Basic $9.28

c) Net Sales for 2015 is $233,715 million

d) Capital Expenditure in 2015

Particulars	Amount($ in millions)
Payment for Acquisition of Plant, property & Equipment	11,247
Payment for Acquisition of Intangible Assets	241
Payment in connection with business Acquisition	343
other	26
Total	11857

e) Depreciable life of Building- Depreciation is computed by use of the straight-line method over the estimated useful lives of the assets, which for buildings is the lesser of 30 years or the remaining life of the underlying building

f) Proceeds from issuance of Common Stocks - Common stock issued, net of shares withheld for employee taxes 37,624 Shares and Net proceeds are $231 million.