1. On which financial statement do you find these accounts, and what are the balances for Apple...
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1. On which financial statement do you find these accounts, and what are the balances for Apple in 2016?
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12 Months Ended CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) Sep. 26, Sep. 27, shares in Thousands, $ in Millions Sep. 24, 2016 2015 2014 $ 215, 639 $ 233, 715 Net sales Cost of sales $ 182, 795 131, 376 140, 089 112, 258 Gross margin 84, 263 93, 626 70, 537 Operating expenses: Research and development 10, 045 8, 067 6, 041 Selling, general and administrative 14, 194 14, 329 11, 993 Total operating expenses 24, 239 22, 396 18, 034 Operating income Other income/(expense), net 60, 024 71, 230 52, 503 1, 348 1, 285 980 Income before provision for income taxes 61, 372 72, 515 53, 483 Provision for income taxes 15, 685 19, 121 13, 973 Net income $ 45, 687 $ 53, 394 $ 39, 510 Earnings per share: $ 6. 49 $ 6. 45 $ 8. 35 $ 9.28 $ 9.22 Basic (in dollars per share) Diluted (in dollars per share) $ 8. 31 Shares used in computing earnings per share: Basic (in shares) Diluted (in shares) 5, 470, 820 5, 753, 421 6, 085, 572 5, 500, 281 5, 793, 069 6, 122, 663 Cash dividends declared per share (in dollars $ 2. 18 $ 1.98 $ 1. 82 per share) income statement 12 Months Ended CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) Sep. 26, Sep. 27, shares in Thousands, $ in Millions Sep. 24, 2016 2015 2014 $ 215, 639 $ 233, 715 Net sales Cost of sales $ 182, 795 131, 376 140, 089 112, 258 Gross margin 84, 263 93, 626 70, 537 Operating expenses: Research and development 10, 045 8, 067 6, 041 Selling, general and administrative 14, 194 14, 329 11, 993 Total operating expenses 24, 239 22, 396 18, 034 Operating income Other income/(expense), net 60, 024 71, 230 52, 503 1, 348 1, 285 980 Income before provision for income taxes 61, 372 72, 515 53, 483 Provision for income taxes 15, 685 19, 121 13, 973 Net income $ 45, 687 $ 53, 394 $ 39, 510 Earnings per share: $ 6. 49 $ 6. 45 $ 8. 35 $ 9.28 $ 9.22 Basic (in dollars per share) Diluted (in dollars per share) $ 8. 31 Shares used in computing earnings per share: Basic (in shares) Diluted (in shares) 5, 470, 820 5, 753, 421 6, 085, 572 5, 500, 281 5, 793, 069 6, 122, 663 Cash dividends declared per share (in dollars $ 2. 18 $ 1.98 $ 1. 82 per share) income statement
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Answer to Q1 On Which financial statement do you find thses accounts and what are the balances for Apple in 2016 Particulars Financial Statement In Mi... View the full answer
Related Book For
Understanding Financial Statements
ISBN: 978-0133874037
11th edition
Authors: Lyn Fraser, Aileen Ormiston
Posted Date:
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