Homework Answers
| Answer 1 - Apple | ||
| Total Liabilities | $ 248,028 | |
| Divided by: | Total Assets | $ 338,516 |
| Debt to Total Assets | 0.7327 | |
| Debt to Total Assets (in Percentage) | 73.27% | |
| Descriptions | ||
| Total assets is available under the last line of assets section. | ||
| Total liabilities is available above the line of stockholders' equity section. | ||
| Debt to total assets can be computed by dividing the total liabilities by the total assets. Debt to total assets can be present as a percentage or numerical value. | ||
| Answer 2 - Microsoft | ||
| Total Liabilities | $ 184,226 | |
| Divided by: | Total Assets | $ 286,556 |
| Debt to Total Assets | 0.6429 | |
| Debt to Total Assets (in Percentage) | 64.29% | |
| Descriptions | ||
| Total assets is available under the last line of assets section. | ||
| Total liabilities is available above the line of stockholders' equity section. | ||
| Debt to total assets can be computed by dividing the total liabilities by the total assets. Debt to total assets can be present as a percentage or numerical value. | ||
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1. Calculate the Debt to Total Assets Ratio for Apple for the most recent year, then...
1. Calculate the Accounts Receivable Turnover for Apple for the most recent year, then describe how...
1. Calculate the Accounts Receivable Turnover for Apple for the most recent year, then describe how you located the information and performed your calculation. 2. Calculate the Accounts Receivable Turnover for Microsoft for the most recent year, then describe how you located the information and performed your calculation. Microsoft 10-K June 30 2019.pdf (page 53 of 146) @ Q Search PARTII BALANCE SHEETS in milions) 2019 2018 June 30 Assets Current assets: Cash and cash equivalents Short-term investments 11,356 122.463...
Perform a horizontal analysis of the balance sheet of the Fortune 500 company, Apple. Then please...
Perform a horizontal analysis of the balance sheet of the
Fortune 500 company, Apple. Then please summarize the balance sheet
results of the horizontal analysis. Simply select some of the
higher or lower %s to discuss. Focus on items you feel are more
relevant and telling of the company operations. For example, you
could write one paragraph on each section of the balance sheet i.e.
assets, liabilities, equity.
Please use the following balance sheets.
Apple Inc. CONSOLIDATED BALANCE SHEETS (In...
1. Calculate the Asset Turnover for Apple for the most recent year, then describe how you...
1. Calculate the Asset Turnover for Apple for the most recent year, then describe how you located the information and performed your calculation. 2. Calculate the Asset Turnover for Microsoft for the most recent year, then describe how you located the information and performed your calculation. Microsoft 10-K June 30 2019.pdf (page 53 of 146) Search PART Item 8 BALANCE SHEETS n milions) June 30, 2019 2018 Assets Current assets: S 11,356 11,946 122,463 Cash and cash equivalents Short-term investments...
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...
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 BALANCE SHEETS (In millions, except number of shares which are reflected in thousands...
Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 29, 2018 September 30, 2017 ASSETS Current assets: Cash and cash equivalents 25,913 20,289 Marketable securitles 40.388 53.892 Accounts receivable, net 23,186 17,874 Inventories 3.956 4.855 Vendor non-trade receivables 25,809 17,799 Other current assets 12.087 13.936 Total current assets 128,645 131,339 Non-current assets Marketable securities 170.799 194.714 Property, plant and equipment, net 41,304 33,783 Other non-current assets 22,283 18.177 Total...
Part 1: Assume that one of the fixed assets listed in Apple’s balance sheet will be...
Part 1:
Assume that one of the fixed assets listed in Apple’s balance
sheet will be disposed of. Please provide the journal entry for the
disposition of that asset. (You may have to look in the notes to
the financial statements to see what the amount of accumulated
depreciation is.) Next, assume that the company will sell the fixed
asset for a gain of $20,000. Please provide the journal entry for
the sale of that asset at a $20,000 gain....
Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands...
Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 29, 2018. September 30, + 2017 ASSETS:- Current assets $ Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables. Other current assets- Total current assets 25,913 40,388 23,186 3,956 25,809 12,087 131,339 20.289 53 892 - 17,874 4,855 - 17.799 13,936 128,645 Non-current assets Marketable securities Property, plant and equipment, net Other non-current assets. Total non-current...
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...
Apple Inc. Apple Inc. designs, manufactures, and markets personal computers, mobile communication devices, and portable digital...
Apple Inc. Apple Inc. designs, manufactures, and markets
personal computers, mobile communication devices, and portable
digital music and video players and sells a variety of related
software, services, peripherals, and networking solutions. The
Company sells its products worldwide through its online stores, its
retail stores, its direct sales force, and third-party wholesalers,
resellers, and value-added resellers. Your parents are considering
investing in Apple Inc. common stock. They ask you, as an
accounting expert, to make an analysis of the company...
1. Calculate the Accounts Receivable Turnover for Apple for the most recent year, then describe how you located the information and performed your calculation. 2. Calculate the Accounts Receivable Turnover for Microsoft for the most recent year, then describe how you located the information and performed your calculation. Microsoft 10-K June 30 2019.pdf (page 53 of 146) @ Q Search PARTII BALANCE SHEETS in milions) 2019 2018 June 30 Assets Current assets: Cash and cash equivalents Short-term investments 11,356 122.463...
Perform a horizontal analysis of the balance sheet of the
Fortune 500 company, Apple. Then please summarize the balance sheet
results of the horizontal analysis. Simply select some of the
higher or lower %s to discuss. Focus on items you feel are more
relevant and telling of the company operations. For example, you
could write one paragraph on each section of the balance sheet i.e.
assets, liabilities, equity.
Please use the following balance sheets.
Apple Inc. CONSOLIDATED BALANCE SHEETS (In...
1. Calculate the Asset Turnover for Apple for the most recent year, then describe how you located the information and performed your calculation. 2. Calculate the Asset Turnover for Microsoft for the most recent year, then describe how you located the information and performed your calculation. Microsoft 10-K June 30 2019.pdf (page 53 of 146) Search PART Item 8 BALANCE SHEETS n milions) June 30, 2019 2018 Assets Current assets: S 11,356 11,946 122,463 Cash and cash equivalents Short-term investments...
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...
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 BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 29, 2018 September 30, 2017 ASSETS Current assets: Cash and cash equivalents 25,913 20,289 Marketable securitles 40.388 53.892 Accounts receivable, net 23,186 17,874 Inventories 3.956 4.855 Vendor non-trade receivables 25,809 17,799 Other current assets 12.087 13.936 Total current assets 128,645 131,339 Non-current assets Marketable securities 170.799 194.714 Property, plant and equipment, net 41,304 33,783 Other non-current assets 22,283 18.177 Total...
Part 1:
Assume that one of the fixed assets listed in Apple’s balance
sheet will be disposed of. Please provide the journal entry for the
disposition of that asset. (You may have to look in the notes to
the financial statements to see what the amount of accumulated
depreciation is.) Next, assume that the company will sell the fixed
asset for a gain of $20,000. Please provide the journal entry for
the sale of that asset at a $20,000 gain....
Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 29, 2018. September 30, + 2017 ASSETS:- Current assets $ Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables. Other current assets- Total current assets 25,913 40,388 23,186 3,956 25,809 12,087 131,339 20.289 53 892 - 17,874 4,855 - 17.799 13,936 128,645 Non-current assets Marketable securities Property, plant and equipment, net Other non-current assets. Total non-current...
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. Apple Inc. designs, manufactures, and markets
personal computers, mobile communication devices, and portable
digital music and video players and sells a variety of related
software, services, peripherals, and networking solutions. The
Company sells its products worldwide through its online stores, its
retail stores, its direct sales force, and third-party wholesalers,
resellers, and value-added resellers. Your parents are considering
investing in Apple Inc. common stock. They ask you, as an
accounting expert, to make an analysis of the company...
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