Homework Answers
4.
| September 30, 2017 | 96.13% | =(20289+53892+17874+4855)/100814 |
| September 24, 2016 | 107.64% | =(20484+46674+15754+2132)/79006 |
5.
Apple Inc Liquid assets as percent of current liabilities worsen, since percentage has decreased
Add Answer to:
Required: 1. What is the amount of Apple's accounts receivable as of September 30, 2017? 2....
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...
Required: 1. What is the amount of Apple’s accounts receivable as of September 30, 2017? 2....
Required:
1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
cash and cash equivalents, (b) short-term marketable
securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
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...
The following summarized data (amounts in millions) are taken from the September 30, 2017, and September...
The following summarized data (amounts in millions) are taken from the September 30, 2017, and September 24, 2016, comparative financial statements of Apple Ic., 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: Net sales 2017 2016 $ 215,639 $ 229,234 Costs...
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...
The following summarized data (amounts in millions) are taken from the September 30, 2017, and September...
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...
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 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...
2017 $ 229, 234 114,048 61,344 $ 48,351 2016 $ 215, 639 131,376 60,024 $ 45,687...
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...
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...
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...
Required:
1. What is the amount of Apple’s accounts
receivable as of September 30, 2017?
2. Compute Apple’s accounts receivable turnover as
of September 30, 2017.
3. How long does it take, on average, for
the company to collect receivables for fiscal year ended September
30, 2017?
4. Apple’s most liquid assets include (a)
cash and cash equivalents, (b) short-term marketable
securities, (c) accounts receivable, and (d)
inventory. Compute the percentage that these liquid assets (in
total) make up of...
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...
The following summarized data (amounts in millions) are taken from the September 30, 2017, and September 24, 2016, comparative financial statements of Apple Ic., 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: Net sales 2017 2016 $ 215,639 $ 229,234 Costs...
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...
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...
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...
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...
Most questions answered within 3 hours.
-
Two waves are traveling on a string, one with a wave function,
y1 = 0.05sin(4x -...
asked 1 minute ago -
Develop an ideal customer profile for three Dell Customer
groups( a supplier, a global business, and...
asked 4 minutes ago -
Suppose, for any future year, the probability its October rain
is more than 3 inches is...
asked 8 minutes ago -
Solve the following systems of linear equations using
substitution 12p + 3q = 15 6q +...
asked 15 minutes ago -
Prof. D went grocery shopping and purchased one dozen eggs and
one pound of flour (all...
asked 22 minutes ago -
If
somehow loop of Henle were removed - that is if the proximal tubule
was connected...
asked 23 minutes ago -
Add 1ml of 0.18M of HCl (aq) to 1ml of 0.2M of [Ag(NH3)2]Br
(aq).
Write the...
asked 30 minutes ago -
1. Smoke detectors use Am-241, an alpha emitter, to detect smoke
particles. A parent is concerned...
asked 34 minutes ago -
Scenario: Web application developed to capture customers
demographic and financial information for filling their taxes. This...
asked 38 minutes ago -
Which of the following statements are true?
1. Glass is mostly silicon dioxide and so when...
asked 1 hour ago -
Korman Company has the following securities in its portfolio of
equity securities on December 31, 2018:...
asked 1 hour ago -
Using the 12th edition of Language Awareness,
complete the following assignment:
After reading Akiba Solomon's "Thugs....
asked 1 hour ago