At September 26, 2015, total assets were $290,345 and total shareholders’ equity was $119,355.
Required:
Sept 30, 2017 | Sept 24, 2016 | ||
Part 1 | Working Capital =Current Assets - Current Liabilities | ||
Working Capital =$128,645 - $100,814 | $27,831 | ||
Working Capital =$106,869 - $79,006 | $27,863 | ||
Current Ratio =Current Assets / Current Liabilities | |||
Current Ratio =$128,645 / $100,814 | 1.28 | ||
Current Ratio =$106,869 / $79,006 | 1.35 | ||
Acid-test Ratio =[(Current Assets - Inventories - Prepaid expenses)/Current laibilities] | |||
Acid-test Ratio =[($128,645 - $4,855)/$100,814] | 1.23 | ||
Acid-test Ratio =[($106,869 - $2,132)/$79,006] | 1.33 | ||
Part 2 | ROE =Net Income / Average shareholders equity | ||
Average shareholders equity =(Opening Shareholders equity + Closing Shareholders equity) / 2 | |||
ROE =$48,351 / [($128,249 + $134,047)/2] =$48,351 / $131,148 | 36.87% | ||
ROE =$45,687 / [($119,355 + $128,249)/2] =$45,684 / $123,802 | 36.90% | ||
Part 3 | Margin =Net income / Net Sales | ||
Turnover =Net sales / Average Operating Assets | |||
ROI =Margin*Turnover | |||
Margin =$48,351 / $229,234 | 21.09% | ||
Margin =$45,684 / $215,639 | 21.19% | ||
Turnover =$229,234 / [($321,686 + $375,319) /2] | 0.6578 | ||
Turnover =$215,639 / [($290,345 + $321,686) /2] | 0.7047 | ||
ROI | 13.87% | 14.93% | |
At September 26, 2015, total assets were $290,345 and total shareholders’ equity was $119,355. Required: Calculate...
The following summarized data (amounts in millions) are taken from the September 30, 2017, and September 24, 2016, comparative financial statements of Apple Inc., a company that designs, manufactures, and markets mobile communication and media devices and personal computers; sells a variety of related software, services, accessories, networking solutions, and offers third-party digital content and applications: (Amounts Expressed in Millions) For the Fiscal Years Ended September 30 and September 24, respectively: 2017 2016 Net sales $ 229,234 $ 215,639...
The following summarized data (amounts in millions) are taken from the September 30, 2017, and September 24, 2016, comparative financial statements of Apple Inc., a company that designs, manufactures, and markets mobile communication and media devices and personal computers; sells a variety of related software, services, accessories, networking solutions, and offers third-party digital content and applications: (Amounts Expressed in Millions) For the Fiscal Years Ended September 30 and September 24, respectively: 2017 2016 Net sales $ 229,234 $ 215,639...
2017 $ 229, 234 114,048 61,344 $ 48,351 2016 $215, 639 131,376 60,024 $ 45,687 (Amounts Expressed in Millions) For the Fiscal Years Ended September 30 and September 24, respectively: Net sales Costs of sales Operating income Net income At Year End: Assets Current assets: Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowance of $58 and $53, respectively Inventories Vendor nontrade receivables Other current assets Total current assets Long-term marketable securities Property, plant, and equipment, net Goodwill...
2017 $ 229, 234 114,048 61,344 $ 48,351 2016 $ 215, 639 131,376 60,024 $ 45,687 (Amounts Expressed in Millions) For the Fiscal Years Ended September 30 and September 24, respectively: Net sales Costs of sales Operating income Net income At Year End: Assets Current assets: Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowance of $58 and $53, respectively Inventories Vendor nontrade receivables Other current assets Total current assets Long-term marketable securities Property, plant, and equipment, net...
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2017 $ 229, 234 114,048 61,344 $ 48,351 2016 $ 215,639 131,376 60,024 $ 45,687 $ 20,289 53,892 17,874 4,855 17,799 13,936 128,645 194,714 33,783 5,717 2,298 10,162 $ 375, 319 $ 20,484 46,671 15, 754 2,132 13, 545 8,283 106,869 170, 430 27,010 5,414 3,206 8,757 $ 321,686 For the Fiscal Years Ended September 30 and September 24, respectively: Net sales Costs of sales Operating income Net income At Year End: Assets Current assets: Cash and cash equivalents Short-term...
Please break it down completely. I need to see how the answer is found. There are 3 parts to this question attatched. Thanks The following summarized data (amounts in millions) are taken from the September 30, 2017, and September 24, 2016, comparative financial statements of Apple Inc., a company that designs, manufactures, and markets mobile communication and media devices and personal computers; sells a variety of related software, services, accessories, networking solutions, and offers third-party digital content and applications: 2017...
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