Question

Please answer all questions listed. Whatever I can do to help, by giving a positive rating, thumbs up, etc. Let me know! Very desperate for help!

Use the information contained in these financial statements and notes to complete this case. All answers should be for the most current year (September 24, 2016) unless asked otherwise. Many companies show amounts in the thousands or millions please state amounts as shown on the financial statements. Do not add zeros. You do not need to include dollar signs. Selected financial statements of Apple, Inc. follow. CONSOLIDATED STATEMENTS OF OPERATIONS (In milions, except number of shares which are refiectsd in thousands and per sharn amourts Yeara ended September 27 2014 September 24, 2016 September 2 201s 233715 S Nat sales 215,639 S 182,795 140089 9362 Cost of sales 131,378 112258 84 203 74537 Gross margin Operating expenses: Research and development 10,045 8067 6,041 Selling, general and administractive Total operating axpansos 14,194 14329 11,993 24239 22.390 18034 Operating inoome Other inoometexpense), net 60,024 71230 52,503 980 1348 1285 61,372 Income before provision for income taxes 72515 53483 Provision for income taxes 15,685 19.121 13973 45,687 S Net income 53394 39510 Earnings par share: Baso 8.35 S 9.28 6.49 Diluted 8.31 S 9.22 6.45 Shares used in computing eamings per share: Basic 5470,820 5,753421 6,085,572 Dilutod 5500,281 5,793069 6,122,663 Cash dividends declared per sharo 2.18 S 1.98 182 CONSOUDATED BAL ANCE SHEETS

Answer 1

The name of Company's balance sheet is Consolidated balance sheets. The amount of cash and cash equivalents that the company has is $20,484 million. The amount of goods the company acquired to resell to the customers is $1,31,376 million. The amount owed to the company from its customers is $15,754 million. The amount of current assets is $1,06,869 million. Property,plant and equipment has increased by $4,539 million. Apple's largest asset is long-term marketable securities amounting to $1,70,430 million. aan The name of Company's income statement is consolidated statements of operations. Total net sales are $2,15,639 million. The cost of products sold is $1,31,376 million. The gross margin is $84,263 million. Amount of selling, general & administrative expenses is $14, 194 milli Net income for the year is $45,687 million Net income has decreased by $7,707 millio The statement of shareholders equity of the company is $1,28,249 million. This statement indicates the changes in value of the ownership interest in a company from the beginning of a period to the end of that period. It contains preferred stock, common stock, additional paid-in capital, retained earnings and other comprehensive income. It is calculated by the difference between the total assets and total liabilities of a company.

Beginning retained earnings balance $92,284 million Closing retained earnings balance $96,364 million Two reasons for change in retained earnings D) Change in net income earned during the year 1) Change in the amount paid as dividend Calendar year is a period of 12 months beginning from January 1 and ending on December 31. On the other hand, a fiscal year also consists of 12 months but can end on the last day of any month except December No, the company's fiscal year does not end on the same date every year Factors to be considered Aging of the accounts receivables Financial position of the concerned party in Credit worthiness of the concerned party Inventory is measured at the lower of cost ornet realisable value as given in IFRS. Straight-line method of charging depreciation is used for property, plant & equipment.