questions 5-7

ial Statement Analysis ACC 101-Financial Accounting Case 2 - Financial Statement Analysis Part 2 -60 Points Due Date he information contained in these financial statements and notes to complete this case. All rs should be for the most current year (September 30, 2017) unless asked otherwise. Many anies show amounts in the thousands or millions please state amounts as shown on the financial nents. Do not add zeros. You do not need to include dollar signs. ed 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 September 30, 2017 September 24, 2016 September 26, 2015 $ 229,234 215,639 $ 233,715 140,089 93,626 t sales ost of sales 141,048 131,376 Gross margin 88,18684,263 perating expenses: Research and development Selling, general and administrative 11.581 10.045 11,581 15.261 26,842 14,194 24,239 8,067 14,329 22,396 Total operating expenses perating income ther income/(expense), net come before provision for income taxes rovision for income taxes et income 61,344 60,024 71,230 1,285 72,515 19,121 48,351 45,68753,394 2,745 64,089 15,738 1,348 61,372 15,685 amings per share: Basic 9.27 $ 8.35 $ 9.28 Cash dividends daclared per share 2.18 S 1.98 240 S