Refer to the financial statements of Apple in Appendix A

Refer to the financial statements of Apple in Appendix A to answer the following.
1. What percent of the original cost of Apple's property and equipment remains to be depreciated as of September 29, 2012 and September 24, 2011? Assume these assets have no salvage value.
2. Over what length(s) of time is Apple depreciating its major categories of property and equipment?
3. What is the change in total property, plant, and equipment (before accumulated depreciation) for the year ended September 29, 2012? What is the amount of cash provided (used) by investing activities for property and equipment for the year ended September 29, 2012? What is one possible explanation for the difference between these two amounts?
4. Compute its total asset turnover for the year ended September 29, 2012, and the year ended September 24, 2011. Assume total assets at September 25, 2010, are $75,183 ($ millions). Fast Forward
5. Access Apple's financial statements for fiscal years ending after September 29, 2012, at its Website ( or the SEC's EDGAR database ( Recompute Apple's total asset turnover for the additional years' data you collect. Comment on any differences relative to the turnover computed in part 4.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.