AA 8-1 Company Analysis LO C2, A1
Use Apple's financial statements in Appendix A to answer the following.
Required:
1. Identify the total amount of cash and cash equivalents for fiscal years ended (a) September 30, 2017, and (b) September 24,2016.
2. Compute cash and cash equivalents as a percent of total current assets, total current liabilities, total shareholders' equity, and total assets at fiscal year-end for both 2017 and 2016.
3. Compute the percent change between the beginning and ending year amounts of cash and cash equivalents for fiscal years ended
(a) September 30, 2017, and (b) September 24, 2016 .
4. Compute the days' sales uncollected as of (a) September 30, 2017, and (b) September 24, 2016.
5. Does Apple's collection of receivables show a favorable or unfavorable change?
Homework Answers
The Requirement is to find out cash & Cash Equivalent as
percentage of various
item
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Refer to Apple's financial statements in Appendix A to answer the following. Required 1. Assume that...
Refer to Apple's financial statements in Appendix A to answer the following.Required1. Assume that the amounts reported for inventories and cost of sales reflect items purchased in a form ready for resale. Compute the net cost of goods purchased for the year ended September 30, 2017.2. Compute the current ratio and acid-test ratio as of September 30, 2017, and September 24,2016.3. Does Apple's 2017 current ratio outperform or underperform the (assumed) industry average of 1.5?4. Does Apple's 2017 acid-test ratio...
please explain as i am lost on where to start even. let me know if you...
please explain as i am lost on where to start even. let me
know if you need more of the appendix A. thank you!
AA 11-1 Company Analysis LO C2, A1, A4 Use Apple's financial statements in Appendix A to answer the following. Required: 1. How many shares of Apple common stock are issued and outstanding at() September 30, 2017, and (b) September 24, 2016? 2. What is the total amount of cash dividends paid to common stockholders for the...
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Please break it down completely. I need to see how the answer is found. There are...
Please break it down completely. I need to see how the answer is
found. There are 3 parts to this question attatched. Thanks
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: 2017...
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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...
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 $ 20,289 53,892 17,874 4,855 17,799 13,936 128,645 194,714 33,783 5,717 2,298 10,162 $ 375, 319 $ 20,484 46,671 15, 754 2,132 13, 545 8,283 106,869 170, 430 27,010 5,414 3,206 8,757 $ 321,686 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...
AA 6-1 Company Analysis LO C2, A3Use Apple's financial statements in Appendix A to answer the following.Required:1. What amount of inventories did Apple report as a current asset (a) on September 30, 2017? (b) On September 24, 2016?2. Inventories make up what percent of total assets (a) on September 30, 2017? (b) On September 24, 2016?3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets?4. Compute (a)...
AA 6-1 Company Analysis LO C2, A3Use Apple's financial statements in Appendix A to answer the following.Required:1. What amount of inventories did Apple report as a current asset (a) on September 30, 2017? (b) On September 24, 2016?2. Inventories make up what percent of total assets (a) on September 30, 2017? (b) On September 24, 2016?3. Assuming Apple has enough inventory to meet demand, does Apple prefer inventory to be a lower or higher percentage of total assets?4. Compute (a)...
Refer to Apple's financial statements in Appendix A to answer the following.Required:1. What percent of the original cost of Apple's Property, Plant and Equipment account remains to be depreciated as of (a) September 30, 2017, and (b) September 24, 2016? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under "Property, Plant and Equipment" in the notes to Apple's financial statements in Appendix A. 2. Much research and development is needed...
AA 11-1 Company Analysis LO A1, P4 Use the table below and Apple's financial statements in Appendix A to answer the following. $ millions Interest expense 2017 2016 $2,323 $1,456 2015 $733 Required: 1. Compute times interest earned for each of the three years shown. 2. Is Apple in a good or bad position to pay interest obligations? Assume an industry average of 10. 3. Identify Apple's total accrued expenses in 2017 Complete this question by entering your answers in...
Refer to Apple's financial statements in Appendix A to answer the following.Required1. Assume that the amounts reported for inventories and cost of sales reflect items purchased in a form ready for resale. Compute the net cost of goods purchased for the year ended September 30, 2017.2. Compute the current ratio and acid-test ratio as of September 30, 2017, and September 24,2016.3. Does Apple's 2017 current ratio outperform or underperform the (assumed) industry average of 1.5?4. Does Apple's 2017 acid-test ratio...
please explain as i am lost on where to start even. let me
know if you need more of the appendix A. thank you!
AA 11-1 Company Analysis LO C2, A1, A4 Use Apple's financial statements in Appendix A to answer the following. Required: 1. How many shares of Apple common stock are issued and outstanding at() September 30, 2017, and (b) September 24, 2016? 2. What is the total amount of cash dividends paid to common stockholders for the...
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...
Please break it down completely. I need to see how the answer is
found. There are 3 parts to this question attatched. Thanks
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: 2017...
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...
2017 $ 229, 234 114,048 61,344 $ 48,351 2016 $ 215,639 131,376 60,024 $ 45,687 $ 20,289 53,892 17,874 4,855 17,799 13,936 128,645 194,714 33,783 5,717 2,298 10,162 $ 375, 319 $ 20,484 46,671 15, 754 2,132 13, 545 8,283 106,869 170, 430 27,010 5,414 3,206 8,757 $ 321,686 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...
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