• Download or navigate to Apple's 10K (annual report) for 2022. You can google it, or visit it directly here: https://tinyurl.com/yp8hdqke
• Scroll to Item 8 (Financial Statements), starting on page 29
• Review Apple's Income Statement, Balance, and Cash Flow statements
  • Apple calls them "Consolidated Statement of Comprehensive Income, Consolidated Balance Sheets, and Consolidated Statements of Cash Flow"
• Note that you can see the statements for 2022, 2021, and 2020
• Then answer the following questions. Note that when I mention a year (such as 2022) I am referring the column with that year (in this case the column called "Year ended September 24, 2022)
• Show your calculations and/or reasoning behind your answers

 

Questions - 

• Which grew faster from 2021 to 2022, revenue from products or revenue from services? (show calculation in percentage terms)
• Which was a better year for Apple in terms of revenue, 2019, 2020, or 2021?
• What was Apple's COGS in 2020?
• In what year (2020, 2021, or 2022) did Apple have the best gross margin in percentage terms?
• In which year did Apple have its lowest net income? Why do you think this may have happened?
• What was Apple's current ratio (current assets divided by current liabilities) in 2021?
• What can you infer from Apple's current ratio?
• How much did Apple owe in total in 2021?
• How much did Apple's total shareholders' equity change from 2020 to 2021? (show in absolute and percentage terms)
• How much did Apple's total shareholders' equity change from 2021 to 2022? (show in absolute and percentage terms)

Answer rating: 100% (QA)

Here are the answers to the questions about Apples financial statements from 2022 2021 and 2020 10K annual report 1 Which grew faster from 2021 to 202... View the full answer