• OBTAIN THE RECENT FINANCIAL REPORTS OF APPLE, INC.

1. INCOME STATEMENT

2. BALANCE SHEET

3. CASH FLOW STATEMENT

• PREPARE THE FOLLOWING ANALYSIS:

1. WRITE A PARAGRAPH ANALYZING THE STATEMENT OF CASH FLOWS IDENTIFYING THE FOLLOWING ITEMS:

• THE METHOD USED TO PREPARE THE STATEMENT

• CASH FROM OPERATIONS

• CASH FROM INVESTMENT

• CASH FROM FINANCING

• PERFORM A TYPED RATIO ANALYSIS USING THE RATIOS IN YOUR BOOK IN CHAPTER 14 EXHIBIT 13. PICK 4 LIQUIDITY OR EFFICIENCY, 2 SOLVENCY, AND 4 PROFITABILITY/MARKET RATIOS AND CONDUCT RATIO ANALYSIS FOR THE CURRENT YEAR AND THE PRIOR YEAR AND INDICATE WHETHER THE CHANGE IN THE RATIO WAS FAVORABLE OR UNFAVORABLE. (INCLUDE ALL CALCULATIONS AND FORMULAS)

Transcribed Image Text:

CONSOLIDATED STATEMENTS OF OPERATIONS- USD ($) shares in Thousands, $ in Millions Net sales Cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic (in dollars per share) Diluted (in dollars per share) Shares used in computing earnings per share: Basic (in shares) Diluted (in shares) Products Net sales Cost of sales Services Net sales Cost of sales 12 Months Ended Sep. 26, 2020 $ 274,515 169,559 104,956 18,752 19,916 38,668 66,288 803 67,091 9,680 $ 57,411 $ 3.31 $ 3.28 17,352,119 17,528,214 $ 220,747 151,286 53,768 $ 18,273 Sep. 25, 2021 $365,817 212,981 152,836 21,914 21,973 43,887 108,949 258 109,207 14,527 $ 94,680 $ 5.67 S 5.61 16,701,272 16,864,919 $ 297,392 192,266 68,425 $ 20,715 Sep. 28, 2019 $ 260,174 161,782 98,392 16,217 18,245 34,462 63,930 1,807 65,737 10,481 $ 55,256 $ 2.99 $ 2.97 18,471,336 18,595,651 $ 213,883 144,996 46,291 S 16,786 CONSOLIDATED STATEMENTS OF OPERATIONS- USD ($) shares in Thousands, $ in Millions Net sales Cost of sales Gross margin Operating expenses: Research and development Selling, general and administrative Total operating expenses Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income Earnings per share: Basic (in dollars per share) Diluted (in dollars per share) Shares used in computing earnings per share: Basic (in shares) Diluted (in shares) Products Net sales Cost of sales Services Net sales Cost of sales 12 Months Ended Sep. 26, 2020 $ 274,515 169,559 104,956 18,752 19,916 38,668 66,288 803 67,091 9,680 $ 57,411 $ 3.31 $ 3.28 17,352,119 17,528,214 $ 220,747 151,286 53,768 $ 18,273 Sep. 25, 2021 $365,817 212,981 152,836 21,914 21,973 43,887 108,949 258 109,207 14,527 $ 94,680 $ 5.67 S 5.61 16,701,272 16,864,919 $ 297,392 192,266 68,425 $ 20,715 Sep. 28, 2019 $ 260,174 161,782 98,392 16,217 18,245 34,462 63,930 1,807 65,737 10,481 $ 55,256 $ 2.99 $ 2.97 18,471,336 18,595,651 $ 213,883 144,996 46,291 S 16,786

Answer rating: 100% (QA)

There are two methods of producing a statement of cash flows the direct method and the indirect meth... View the full answer