Review APPLE INC financial information found in its most recent Quarterly Report (10-Q) published electronically on the
Question:
Review APPLE INC financial information found in its most recent Quarterly Report (10-Q) published electronically on the firm’s website or the Securities and Exchange Commission’s (SEC). Use the firm’s Balance Sheet, Income Statement, and Statement of Cash Flows to help peers understand this firm’s line of business and general financial health to address the following questions:
Section 1
- What is the business model of this organization (some companies might not provide this information in the 10-Q, in which case you can refer to the 10-K under the heading “Business”)?
- Identify one risk factor from the risk factor statement (look under the table of contents for Risk Factor Statements).
Section 2
Using information on the Balance Sheet,
- What is the proportion of debt compared to equity financing?
- What is the most significant asset item on the balance sheet (the largest monetary amount)?
Section 3
Using information on the Income Statement,
- What is the largest expense item?
- What is the profit margin of the company (Net profit divided by Sales)?
Section 4
Using the cash flow statement, examine the three main sections—cash flows from operations, investing, and financing.
- Identify the main source of cash inflow and cash outflow for this company.
Section 5
Comment on any one aspect of the company you have learned about based on the financial information gathered in sections 2-4
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston