Homework Answers
Answers:-
(a) -The apple's current assets on September 27, 2014, and September 28, 2013, are $ 68,531 and $ 73286 respectively.
(b) - The proper order of classification of assets in the Financial Statements is shown below :
the current assets are in the proper order
(c) we can see current assets are shown before non-current assets as per the GAAP, hence it is proper.
(d) The apple's current liabilities as of September 27, 2014, and September 28, 2013, are $ 63448 and $43658 respectively.
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CT2.1. Financial Reporting FINANCIAL REPORTING PROBLEM: Apple Inc. The financial statements of Apple Inc. are presented...
The financial statements of Apple Inc. for 2014 are presented in Appendix A. Identify the liabilities...
The financial statements of Apple Inc. for 2014 are presented in
Appendix A.
Identify the liabilities classified by apple as current.
Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) September 30, 2017 229,234 141,048 88,186 Net sales Cost of sales Gross margin $ Years ended September 24, 2016 215,639 131,376 84,263 September 26, 2015 233,715 140,089 93,626 Operating expenses: Research and development Selling, general and administrative Total...
Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 30, 2017 48,351 Years ended September...
Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 30, 2017 48,351 Years ended September 24, 2016 45,687 September 26. 2015 53,394 $ Net income Other comprehensive income/loss): Change in foreign currency translation, net of tax effects of $(77), $8 and $201, respectively 224 75 (411) 1,315 2,905 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit/(expense) of $(478), $(7) and $(441), respectively Adjustment for net (gains) losses realized and included...
Review the select balance sheet and income statement for Apple, Inc. (found in the 10-K).For the...
Review the select balance sheet and income statement for Apple,
Inc. (found in the 10-K).For the account assigned, identify
assertions which is relevant for the assigned accounts.
1. Account Receivable
2.Allowance for Accounts receivable
3. Debt
4. Operating expenses
Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 29, September 28, 2019 September 30, 2017 2018 $ $ Net sales: Products Services Total net sales...
locate the largest amount of cash generated by the company's financing activities. identify the transaction that...
locate the largest amount of cash generated by the company's
financing activities. identify the transaction that contributes to
this particular cash inflow. ( year is 2013)
3.277 1.459 2.824 STATEMENT OF CASH Flows OHSODASIEWS OF CAST 12 Months Ended in Million s de specified Sep 27,2014 Sep 28, 2013 Sep 29, 2012 Cash and cash equivalents, beginning of the $14.259 $10,746 $9,815 Operating activities: Net income 39,510 37,037 41,733 Adjustments to reconcile net income to cash generated by operating activities:...
September 24, 2016 $ Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which...
September 24, 2016 $ Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 30, 2017 ASSETS Current assets Cash and cash equivalents 20,289 Short-term marketable securities 53.892 Accounts receivable, less allowances of $58 and $53, respectively 17,874 Inventories 4,855 Vendor non-trade receivables 17.799 Other current assets 13,936 Total current assets 128,645 Long-term marketable securities 194,714 Property, plant and equipment, net 33,783 Goodwill 5,717 Acquired intangible assets, net 2,298 Other...
Amazon.com, Inc.’s financial statements are presented Financial statements of Wal-Mart Stores, Inc. are presented (a) Based...
Amazon.com, Inc.’s financial statements are
presented
Financial statements of Wal-Mart Stores, Inc. are
presented
(a)
Based on the information contained in these financial statements,
compute free cash flow for Amazon at December 31, 2016 and Wal-Mart
for January 31, 2017. (Show a negative free cash flow
with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).
Enter amounts in millions.)
Amazon.com, Inc.
Wal-Mart Stores, Inc.
Free cash flow
$Enter the amount in millions
of dollars
$Enter the amount...
Amazon.com, Inc.’s financial statements are presented in Appendix D. . Financial statements of Wal-Mart Stores, Inc....
Amazon.com, Inc.’s financial statements are
presented in Appendix D.
.
Financial statements of Wal-Mart Stores, Inc. are
presented in Appendix E.
(b) What conclusions concerning the management of
cash can be drawn from free cash flow for each company?
AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2014 2015 8,658 $ 14,557 $ 2016 15,890 (241) 596 2,371 4,746 1,497 129 6.281 2,119 155 250 81 (119) 59 8,116 2.975 160 (20) (246) (829) (316)...
Columbia Sportswear Company’s financial statements are presented in Appendix B. Financial statements of VF Corporation are...
Columbia Sportswear Company’s financial
statements are presented in Appendix B.
Financial statements of VF Corporation are
presented in Appendix C.
(b)
What conclusions concerning the management of cash can be drawn
from the free cash flow data?
COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Year Ended December 31, 2016 2015 2014 $ 2.377,045 $ 2,326,180 $ 2,100,590 1,266,697 1,252,680 1,145,639 1,110,348 1,073,500 954,951 864,084 831,971 763,063 10,244 8,192 6,956 256,508 249,721 198,844 2,003 1,531...
Compute the following ratios for 2014 and 2013 using apples financial statements found in Appendix A and attached: Current ratio Quick (or acid-test ratio) Profit margin Return on total assets (ROA...
Compute the following ratios for 2014 and 2013 using apples
financial statements found in Appendix A and attached:
Current ratio
Quick (or acid-test ratio)
Profit margin
Return on total assets (ROA) [Sept 29, 2012, total assets
equaled $176,064]
Price-earnings ratio
Stock price – 9/27/14: $100.75
Stock Price – 9/28/13: $68.96
September 27,2014 September 28,2013 ASSETS: Current assets: Cash and cash equivalents Short-term marketable securitics Accounts receivable, less allowances of $86 and $99, respectively 3,844 S 11,233 17,460 13,102 3,453 7,539...
Columbia Sportswear Company’s financial statements are presented in Appendix B. Financial statements of VF Corporation are...
Columbia Sportswear Company’s financial
statements are presented in Appendix B.
Financial statements of VF Corporation are
presented in Appendix C.
(a) Based on the information contained in these
financial statements, compute free cash flow for each company.
(Show a negative free cash flow with either a - sign
e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in
thousands.)
Columbia Sportswear Company
VF Corporation
Free cash flow (in thousands)
$Enter the amount in
thousands of dollars
$Enter the amount in...
The financial statements of Apple Inc. for 2014 are presented in
Appendix A.
Identify the liabilities classified by apple as current.
Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) September 30, 2017 229,234 141,048 88,186 Net sales Cost of sales Gross margin $ Years ended September 24, 2016 215,639 131,376 84,263 September 26, 2015 233,715 140,089 93,626 Operating expenses: Research and development Selling, general and administrative Total...
Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 30, 2017 48,351 Years ended September 24, 2016 45,687 September 26. 2015 53,394 $ Net income Other comprehensive income/loss): Change in foreign currency translation, net of tax effects of $(77), $8 and $201, respectively 224 75 (411) 1,315 2,905 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit/(expense) of $(478), $(7) and $(441), respectively Adjustment for net (gains) losses realized and included...
Review the select balance sheet and income statement for Apple,
Inc. (found in the 10-K).For the account assigned, identify
assertions which is relevant for the assigned accounts.
1. Account Receivable
2.Allowance for Accounts receivable
3. Debt
4. Operating expenses
Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 29, September 28, 2019 September 30, 2017 2018 $ $ Net sales: Products Services Total net sales...
locate the largest amount of cash generated by the company's
financing activities. identify the transaction that contributes to
this particular cash inflow. ( year is 2013)
3.277 1.459 2.824 STATEMENT OF CASH Flows OHSODASIEWS OF CAST 12 Months Ended in Million s de specified Sep 27,2014 Sep 28, 2013 Sep 29, 2012 Cash and cash equivalents, beginning of the $14.259 $10,746 $9,815 Operating activities: Net income 39,510 37,037 41,733 Adjustments to reconcile net income to cash generated by operating activities:...
September 24, 2016 $ Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 30, 2017 ASSETS Current assets Cash and cash equivalents 20,289 Short-term marketable securities 53.892 Accounts receivable, less allowances of $58 and $53, respectively 17,874 Inventories 4,855 Vendor non-trade receivables 17.799 Other current assets 13,936 Total current assets 128,645 Long-term marketable securities 194,714 Property, plant and equipment, net 33,783 Goodwill 5,717 Acquired intangible assets, net 2,298 Other...
Amazon.com, Inc.’s financial statements are
presented
Financial statements of Wal-Mart Stores, Inc. are
presented
(a)
Based on the information contained in these financial statements,
compute free cash flow for Amazon at December 31, 2016 and Wal-Mart
for January 31, 2017. (Show a negative free cash flow
with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).
Enter amounts in millions.)
Amazon.com, Inc.
Wal-Mart Stores, Inc.
Free cash flow
$Enter the amount in millions
of dollars
$Enter the amount...
Amazon.com, Inc.’s financial statements are
presented in Appendix D.
.
Financial statements of Wal-Mart Stores, Inc. are
presented in Appendix E.
(b) What conclusions concerning the management of
cash can be drawn from free cash flow for each company?
AMAZON.COM, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Year Ended December 31, 2014 2015 8,658 $ 14,557 $ 2016 15,890 (241) 596 2,371 4,746 1,497 129 6.281 2,119 155 250 81 (119) 59 8,116 2.975 160 (20) (246) (829) (316)...
Columbia Sportswear Company’s financial
statements are presented in Appendix B.
Financial statements of VF Corporation are
presented in Appendix C.
(b)
What conclusions concerning the management of cash can be drawn
from the free cash flow data?
COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Year Ended December 31, 2016 2015 2014 $ 2.377,045 $ 2,326,180 $ 2,100,590 1,266,697 1,252,680 1,145,639 1,110,348 1,073,500 954,951 864,084 831,971 763,063 10,244 8,192 6,956 256,508 249,721 198,844 2,003 1,531...
Compute the following ratios for 2014 and 2013 using apples
financial statements found in Appendix A and attached:
Current ratio
Quick (or acid-test ratio)
Profit margin
Return on total assets (ROA) [Sept 29, 2012, total assets
equaled $176,064]
Price-earnings ratio
Stock price – 9/27/14: $100.75
Stock Price – 9/28/13: $68.96
September 27,2014 September 28,2013 ASSETS: Current assets: Cash and cash equivalents Short-term marketable securitics Accounts receivable, less allowances of $86 and $99, respectively 3,844 S 11,233 17,460 13,102 3,453 7,539...
Columbia Sportswear Company’s financial
statements are presented in Appendix B.
Financial statements of VF Corporation are
presented in Appendix C.
(a) Based on the information contained in these
financial statements, compute free cash flow for each company.
(Show a negative free cash flow with either a - sign
e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in
thousands.)
Columbia Sportswear Company
VF Corporation
Free cash flow (in thousands)
$Enter the amount in
thousands of dollars
$Enter the amount in...
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