The financial statements of Apple Inc. for 2014 are presented in Appendix A.
Identify the liabilities classified by apple as current.
Homework Answers
Apple Inc has identified the following liabilities as Current ---
- Accounts Payable (Sep 30, 2017 amount = $49,049)
- Accrued Expenses (Sep 30, 2017 amount = $25,744)
- Deferred Revenue (Sep 30, 2017 amount = $7,548)
- Commercial Paper (Sep 30, 2017 amount = $11,977)
- Current portion of long-term debt (Sep 30, 2017 amount = $6,496)
Add Answer to:
The financial statements of Apple Inc. for 2014 are presented in
Appendix A.
Identify the liabilities...
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...
CT2.1. Financial Reporting FINANCIAL REPORTING PROBLEM: Apple Inc. The financial statements of Apple Inc. are presented...
CT2.1. Financial Reporting FINANCIAL REPORTING PROBLEM: Apple Inc. The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook Instructions Answer the following questions using the financial statements and the notes to the financial statements. (a) What were Apple's total current assets at September 27, 2014, and September 28, 2013? (b) Are the assets included in current assets listed in the proper order? Explain. (c) How are Apple's assets classified? (d) What were Apple's...
Questions: Report: Apple Inc. - Analysis of Fiscal 2017 Annual Report Apple Inc. is an American...
Questions:
Report:
Apple Inc. - Analysis of Fiscal 2017 Annual Report Apple Inc. is an American multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. The company's hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, and the Apple Watch smartwatch. Apple's consumer software includes the macOS and iOS operating systems, the iTunes media player, and the Safari web browser. Its online services include...
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...
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...
make an analysis of the consolidated statements of operations. are the sales increasing or decreasing? is...
make an analysis of the consolidated statements of operations.
are the sales increasing or decreasing? is the net income
increasing or decreasing? are the basic earnings per share
increasing or decreasing? (also connect with the consolidated
statements of shareholder's equity). consider the reasonableness of
your answer.
CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24,. September 26, 2015 September 27, 2016 2014 Net sales 215,639 233,715...
need help ASAP! Using Apple's 2019 Financial Statements (see instructions and additional numbers below), calculate the...
need help ASAP!
Using Apple's 2019 Financial Statements (see instructions and additional numbers below), calculate the following ratios for September 29, 2018 and September 28, 2019, compare the two years for each ratio, and write 1-2 sentences to discuss the results of each ratio. For example, If the the current ratio increases in year 2, is this a favorable or unfavorable change? What does this mean about liquidity since this is a liquidity ratio? Reading the section in your book...
A-2 APPENDIX A Specimen Financial Statements: Apple Inc CONSOLIDATED STATEMENTS OF OPERATIONS In millions, except number...
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...
Apple and Google work to maintain high-quality and low-cost operations. One ratio routinely computed for this...
Apple and Google work to maintain high-quality and low-cost operations. One ratio routinely computed for this assessment is the cost of goods sold divided by total expenses. A decline in this ratio can mean that the company is spending too much on selling and administrative activities. An increase in this ratio beyond a reasonable level can mean that the company is not spending enough on selling activities. Use Apple's financial statements in Appendix Ai (Assume for this analysis that total...
Compute the following ratios for 2014 and 2013 using apples financial statements found in Appendix A...
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...
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...
CT2.1. Financial Reporting FINANCIAL REPORTING PROBLEM: Apple Inc. The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook Instructions Answer the following questions using the financial statements and the notes to the financial statements. (a) What were Apple's total current assets at September 27, 2014, and September 28, 2013? (b) Are the assets included in current assets listed in the proper order? Explain. (c) How are Apple's assets classified? (d) What were Apple's...
Questions:
Report:
Apple Inc. - Analysis of Fiscal 2017 Annual Report Apple Inc. is an American multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. The company's hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, and the Apple Watch smartwatch. Apple's consumer software includes the macOS and iOS operating systems, the iTunes media player, and the Safari web browser. Its online services include...
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...
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...
make an analysis of the consolidated statements of operations.
are the sales increasing or decreasing? is the net income
increasing or decreasing? are the basic earnings per share
increasing or decreasing? (also connect with the consolidated
statements of shareholder's equity). consider the reasonableness of
your answer.
CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24,. September 26, 2015 September 27, 2016 2014 Net sales 215,639 233,715...
need help ASAP!
Using Apple's 2019 Financial Statements (see instructions and additional numbers below), calculate the following ratios for September 29, 2018 and September 28, 2019, compare the two years for each ratio, and write 1-2 sentences to discuss the results of each ratio. For example, If the the current ratio increases in year 2, is this a favorable or unfavorable change? What does this mean about liquidity since this is a liquidity ratio? Reading the section in your book...
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...
Apple and Google work to maintain high-quality and low-cost operations. One ratio routinely computed for this assessment is the cost of goods sold divided by total expenses. A decline in this ratio can mean that the company is spending too much on selling and administrative activities. An increase in this ratio beyond a reasonable level can mean that the company is not spending enough on selling activities. Use Apple's financial statements in Appendix Ai (Assume for this analysis that total...
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...
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