Question: Case C Below is the company data for Apple Inc, currently being traded on the US markets. The measures are stated om millions of USD
Case C Below is the company data for Apple Inc, currently being traded on the US markets. The measures are stated om millions of USD currency. Cash & marketable securities $165 Fixed assets $286 Net sales $1320 Eamings Before Interests and Taxes (EBIT) $143 Net Earnings After Taxes (NEAT) $ 66 Quick Ratio (CA InventoryYCL) 2.1 to 1 Current Ratio (CACL) Average Collection Period (ACP) 45.60 days Retum on Equity (ROE, NEAT/Net Common Equity) 13% Tax rate 25% 3.4 to 1 For Applos Liabilities & Equity side, they only report common equity, debt and current operating liabilities. Based on the detalled information above, find the following calculations (1) Accounts Receivables, (2) Current Operating Liabilities, (3) Current Assets, (4) Total Assets. (5) Net Common Equity, and (6) Debt. (10 marks) With the increase in online commerce, assume Apple has decreased its ACP by 15.60 days (.e., totaling 30 days) while holding all other variables constant, how much cash could they generate? (10 marks) What is Apple's ROIC (post-tax) ? (10 marks)
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