BALANCE SHEETS: Assets: &n
BALANCE SHEETS:
Assets:
2017 2018
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
- What was Apple’s dividend payout ratio during fiscal 2018?
Homework Answers
Dividends paid in fiscal 2018=98330+59531-110400=47461
Dividend payout ratio=47461/59531=79.72%
BALANCE SHEETS: &nbs
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...
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...
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...
The first image is the original question, the rest are the answer choices for each box....
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...
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...
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...
At September 26, 2015, total assets were $290,345 and total shareholders’ equity was $119,355. Required: Calculate...
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...
Identify three specific accounts you would specifically want to spend your audit time on due to...
Identify three specific accounts you would specifically want to spend your audit time on due to higher Risk of Material Misstatement (RMM). APPLE INC. INCOME STATEMENT 29-Sep-18 30-Sep-17 24-Sep-16 Net sales $ 265,595 $ 229,234 $ 215,639 100% 100% 100% 16% 6% Cost of sales 163,756 141,048 131,376 62% 62% 61% 16% 7% Gross margin 101,839 88,186 84,263 38% 38% 39% 15% 5% Operating expenses: Research and development 14,236 11,581 10,045 5% 5% 5% 23% 15% Selling, general and administrative 16,705 15,261 14,194...
2017 $ 229, 234 114,048 61,344 $ 48,351 2016 $215, 639 131,376 60,024 $ 45,687 (Amounts...
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...
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...
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...
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...
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...
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...
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...
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