BALANCE SHEETS:
2017 2018
Assets:
Cash 74,181 66,301
Accounts Receivable 35,673 48,995
Inventory 4,855 3,986
Other Current Assets 13,936 12,057
Fixed Assets, net 33,783 41,304
Investments 212,891 233,082
Total Assets 375,319 405,725
Liabilities and Equity:
Accounts Payable 44,242 55,888
Other Current Liabilities 50,226 55,416
Long-Term Debt 103,703 102,519
Other Noncurrent Liabilities 43,251 48,209
Common Stock 35,567 33,293
Retained Earnings 98,330 110,400
Total Liabilities and Equity 375,319 405,725
INCOME STATEMENT:
FY 2018
Revenue 265,595
Cost of Goods Sold 163,756
General and Administrative 14,793
Depreciation Expense 10,903
Earnings Before Interest and Taxes 76,143
Interest Expense 3,240
Pretax Net Income 72,903
Income Taxes 13,372
Net Income 59,531
Full level capacity of sales=Sales in 2018/operating capacity
level in 2018=265595/0.62=428379.0323
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...
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...
The first image is the original question, the rest are the answer choices for each box. Last two images are apples financial statements. Question 4 4.5 pts Under the Chapter 12 Module you will find a document called "Apple IncBS for Homework". You will need that document to answer the following questions. What is Apple's Net Working Capital in 2018? [Select] What is Apple's Current Ratio in 2018? [Select] What is Apple's Debt Ratio in 2018? [Select] What is Apple's...
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...
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...
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...
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...
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...
At September 26, 2015, total assets were $290,345 and total shareholders’ equity was $119,355. Required: Calculate Apple Inc.’s working capital, current ratio, and acid-test ratio at September 30, 2017, and September 24, 2016. Calculate Apple’s ROE for the years ended September 30, 2017, and September 24, 2016. Calculate Apple’s ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016. The following summarized data (amounts in millions) are taken from the September 30, 2017, and...