Question: help me post a question Forecast the financial statements for Apple Inc. for Year 2 0 1 4 based on the 2 0 1 3

help me post a question Forecast the financial statements for Apple Inc. for Year 2014 based on the 2013 historic financial statements and the assumptions listed below. Then answer the questions that follow.
1. Sales increase by \(4\%\).
2. The average depreciation rate is \(23.2149\%\).
3. CAPEX is \(\$ 6\) billion in 2014.
4. Accounts held constant: goodwill, long-term debt, other liabilities, and common stock.
5. Long-term marketable assets grow by \(4\%\) in 2014.
6. The interest rate on debt is \(3\%\).
7. Cash is the plug variable.
8. Dividends are \$0 in 2013 and 2014.
Part 1
What is the depreciation expense in 2014?(Express your answer in billions of dollars rounded to two decimal places.)
Depreciation expense \(=\$ \quad B \)
Part 2
What is the interest expense in 2014?(Express your answer in billions of dollars rounded to two decimal places.)
Interest expense \(=\{\quad 3\)
Part 3
What is the after-tax net income (earnings) in 2014?(Express your answer in billions of dollars rounded to two decimal places.)
After-tax net income \(=\S \quad 3\)
Part 4
What is net PP\&E in 2014?(Express your answer in billions of dollars rounded to two decimal places.)
Net PP\&E \(=quad 3\)
Part 5
What is cash in 2014?(Express your answer in billions of dollars rounded to two decimal places.)
Cash \(=\$ 3\)
 help me post a question Forecast the financial statements for Apple

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!