ACC 101- Financial Accounting Case 2 - Financial Statement Analysis Part 2-120 Points Date Name Use the information contained In these financial statements and notes to complete this case. All answers should be for the most current year (September 30, 2017) unless asked otherwise, Many companies show amounts in the thousands or millions- please state amounts as shown on the financial statements. Do not add zeros. You do not need to include dollar signs. Selected financial statements of Apple, Inc. follow. Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS In millions, except number of shares which are refected in thousands and per share amounts) Years ended 2017 2016 2015 Net sales Cost of sales $ 229.234$ 215,639 S 233,715 140,089 131,376 18664 263 141,048 Gross margin 8, 93.626 Operating expenses: Research and development Selling, general and administrative 11.581 15.261 26,842 10,045 14.194 24.239 8.067 14,329 Total operating expenses 22.396 61 344 2.745 64,089 15.738 1 230 285 72,515 19.121 60.024 Operating income Other income(expense), net Income betore provision tor income taxes Provision for income taxes Net income 1.348 61.372 15.685 48.331 45,68753.394 Eamings per share Basic Diluted 927 $ 921 S 8.35 $ 831 S 922 9.28 Gash dedendis deciared per share ACC 101- Financial Accounting Case 2 - Financial Statement Analysis Part 2-120 Points Date Name Use the information contained In these financial statements and notes to complete this case. All answers should be for the most current year (September 30, 2017) unless asked otherwise, Many companies show amounts in the thousands or millions- please state amounts as shown on the financial statements. Do not add zeros. You do not need to include dollar signs. Selected financial statements of Apple, Inc. follow. Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS In millions, except number of shares which are refected in thousands and per share amounts) Years ended 2017 2016 2015 Net sales Cost of sales $ 229.234$ 215,639 S 233,715 140,089 131,376 18664 263 141,048 Gross margin 8, 93.626 Operating expenses: Research and development Selling, general and administrative 11.581 15.261 26,842 10,045 14.194 24.239 8.067 14,329 Total operating expenses 22.396 61 344 2.745 64,089 15.738 1 230 285 72,515 19.121 60.024 Operating income Other income(expense), net Income betore provision tor income taxes Provision for income taxes Net income 1.348 61.372 15.685 48.331 45,68753.394 Eamings per share Basic Diluted 927 $ 921 S 8.35 $ 831 S 922 9.28 Gash dedendis deciared per share