Question: Apple Inc.* presented this selected financial data with its 2008 annual report. Required a. 1. For consolidated statements of operations, prepare a horizontal common-size analysis

Apple Inc.* presented this selected financial data with its 2008 annual report.
Required
a. 1. For consolidated statements of operations, prepare a horizontal common-size analysis for 2006–2008. Use 2006 as the base.
2. Comment on the results in (1).
b. 1. For stock-based compensation expense, prepare a horizontal common-size analysis for 2006–2008. Use 2006 as the base.
2. Comment on the results in (1).
3. Comment on any distortion by using 2006 as the base. (This relates to a.1 and b.1)
c. 1. For consolidated statements of operations, prepare a vertical common-size analysis for 2006– 2008. Use net sales as the base.
2. Comment on the results in (1).
d. Based on these data, compute the following for 2006–2008:
1. Price/earnings ratio
2. yield
3. Comment on the results in (1) and (2).

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a 1 Apple Inc Consolidated Statements of Operations Three Fiscal Years Ended September 27 2008 Horizontal CommonSize 2006 2005 2004 Net sales 1682 124... View full answer

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