1. Calculate the Accounts Receivable Turnover for Apple for the most recent year, then describe how you located the information and performed your calculation. 2. Calculate the Accounts Receivable Turnover for Microsoft for the most recent year, then describe how you located the information and performed your calculation. Microsoft 10-K June 30 2019.pdf (page 53 of 146) @ Q Search PARTII BALANCE SHEETS in milions) 2019 2018 June 30 Assets Current assets: Cash and cash equivalents Short-term investments 11,356 122.463 $ 11,946 121.822 Total cash cash equivalents, and short-term investments Accounts receivable, net of allowance for doubtful accounts of $411 and $377 Inventories Other 133,819 29,524 2,063 10.146 133,768 26,481 2.662 6.751 Total current assets Property and equipment, net of accumulated depreciation of $35,330 and $29,223 Operating lease right-of-use assets Equity investments Goodwill Intangible assets, net Other long-term assets Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Short-term income taxes Short-term unearned revenue 169,662 29.460 6.686 1.862 35.683 8,053 7.442 175,552 36,477 7.379 2,649 42,026 7,750 14,723 $ 286,556 $ 258,848 $ S 9.382 5,516 6,830 5.665 32.676 9,351 8,617 3.998 6,103 2. 121 28,905 8,744 Other Total current liabilities Long-term debt Long-term income taxes Long-term uneamed revenue Deferred income taxes Operating lease liabilities Other long-term liabilities 69,420 66,662 29,612 4.530 233 6.188 7,581 184,226 58,488 72.242 30,265 3,815 541 5.568 5.211 Total liabilities 176,130 Commitments and contingencies Stockholders' equity: Common stock and paid.in capital - shares authorized 24.000, outstanding 7,643 and 7,677 Retained earnings Accumulated other comprehensive loss 78,520 24,150 (340) 71,223 13.682 (2. 1870 82,718 Total stockholders' equity Total liabilities and stockholders' equity 102,330 $ 286,556 $ 258,848 Refer to accompanying notes Microsoft 10-K June 30 2019.pdf (page 52 of 146) L Q Bearch Hem 8 COMPREHENSIVE INCOME STATEMENTS in millions) Year Ended June 30, Net Income 2019 39,240 2018 16,571 2017 25,489 Other comprehensive income (loss), net of tax: Net change related to derivatives Net change related to investments Translation adjustments and other Other comprehensive income (loss) Comprehensive income (173) 2,405 (318) 39 (2.717) (178) (218) (1.116) 167 1,914 41,154 (2,856) 13.715 (1,167) 24,322 $ Refer to accompanying notes. Refer to Note 18 - Accumulated Other Comprehensive Income (Loss) for further information Microsoft 10-K June 30 2019.pdf (page 51 of 146) Zvom alearch PART II Item ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA INCOME STATEMENTS in millions, except per share amounts) Year Ended June 30 2019 2018 2017 Revenue: Product Service and other $ $ 66,069 59,774 125,843 64,497 45,863 110,360 63,811 32,760 96,571 Total revenue Cost of revenue: Product Service and other 16,273 26,637 15,175 19,086 34.261 Total cost of revenue Gross margin Research and development Sales and marketing General and administrative Restructuring 42,910 82,933 16.876 18.213 4.885 15,420 22,933 38,353 72.007 14,726 17.469 4,754 62,310 13.037 15,461 4.481 306 Operating income Other income, net 42,959 29,025 729 876 Income before income taxes Provision for income taxes 43.688 4.448 35,058 1,416 36,474 19,903 16,571 29,901 4,412 25,489 39,240 $ $ Net Income Eamings per share: Basic Diluted 5.11 5.06 $ $ 2.15 2.13 $ $ 3.29 325 Weighted average shares outstanding: Basic Diluted Refer to accompanying notes Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 28, 2019 September 29 2018 ASSETS: Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 48.8445 51.713 22.926 4. 106 22.878 12,352 162,819 25.913 40,388 23,186 3,956 25.809 12,087 131.339 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 105,341 37 378 32.978 175 697 338,516 170,799 41,304 22,283 234 386 365,725 $ S LIABILITIES AND SHAREHOLDERS EQUITY: $ Current abilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities 46.236 37.720 5.522 5.980 10.260 105.718 55,888 33.327 5.966 11.964 8.784 115.929 Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities 91,807 50 503 142 310 248 028 93.735 48.914 142.649 258,578 Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized: 4,443,236 and 4,754,986 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity Total liabilities and shareholders' equity 45,174 45 898 (584) 90.488 338,516 40,201 70.400 (3.454) 107.147 365.725 $ See accompanying Notes to Consolidated Financial Statements Apple Inc. 2019 Form 10-K 31 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) September 28, Years ended September 29, 2018 59,531 September 30, 2017 48,351 $ 55,256 $ $ Net income Other comprehensive income/(loss): Change in foreign currency translation, net of tax (408) (525) 224 Change in unrealized gains/losses on derivative instruments, net of tax: Change in fair value of derivatives Adjustment for net (gains Mosses realized and included in net income Total change in unrealized gains/losses on derivative instruments (661) 23 523 382 905 1,315 (1,477) (162) (638) 3,802 (3.407) (782) Change in unrealized gainslosses on marketable securities, net of tax: Change in fair value of marketable securities Adjustment for net (gains Mosses realized and included in net income Total change in unrealized gains/losses on marketable securities (64) 3,827 (3,406) (846) Total other comprehensive income/(los) Total comprehensive income 2,781 58,037 (3,026) 56,505 (784) 47,567 $ $ See accompanying Notes to Consolidated Financial Statements Apple Inc. 2019 Form 10-K 30