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APPLE COMPUTER INC. CONSOLIDATED BALANCE SHEETS FOR THE YEARS ENDED SEPTEMBER 30, 2015 AND SEPTEMBER 30, 2014 (Dollars in thousands) Assets 2015 2014 Current Assets

APPLE COMPUTER INC.

CONSOLIDATED BALANCE SHEETS

FOR THE YEARS ENDED SEPTEMBER 30, 2015 AND SEPTEMBER 30, 2014

(Dollars in thousands)

Assets
2015
2014
Current Assets

Cash and Cash Equivalents
$1,203,488
$676,413
Short-Term Investment
54,368
215,890
Accounts Receivable, Net of Allowance for Doubtful Accounts of 90,992($83,776 in 2014)                                         
1,581,347
1,381,946
Inventories
1,088,434
1,506,638
Prepaid Income Taxes
293,048
268,085
Other Current Assets
255,767
289,383
Property, Plant, and Equipment Land and Buildings
$484,592
$404,688
Machinery and Equipment
572,728
578,272
Office Furniture and Equipment
158,160
167,905
Leasehold Improvements
236,708
261,792
Total Property, Plant, and Equipment
$1,452,188
$1,412,657
Accumulated Depreciation and Amortization
(785,088)
(753,111)
Net Property, Plant, and Equipment
$667,100
$659,546
Other assets
$159,194
$173,511
Total Assets
$5,302,746
$5,171,412


Liabilities and Shareholders’ Equity

Current Liabilities

Short – Term Borrowings
$292,200
$823,182
Accounts Payable
881,717
742,622
Accrued Compensation and Employee Benefits
136,895
144,779
Accrued Marketing and Distribution
178,294
174,547
Accrued Restructuring Costs
58,238
307,932
Other current Liabilities
396,961
315,023
Long Term Debt
304,472
7,117
Deferred Liabilities
670,668
629,832
Total Liabilities
$2,919,445
$3,145,034
Shareholders’ Equity

Common Stock, no par value; 320,000,000 shares authorised; 119,542,527 shares issued and outstanding in 2015 (116,147,035 shares in 2014)
$297,929
$203,613
Retain Earnings
2,085,372
1,822,765
Total Shareholders’ Equity
$2,383,301
$2,026,378
Total Liabilities and Stockholders’ Equity
$5,302,746
$5,171,412

APPLE COMPUTER INC.

CONSOLIDATED STATEMENTS OF INCOME

FOR THE YEARS ENDED SEPTEMBER 30, 2015 AND SEPTEMBER 30, 2014

(In thousands, except per share amounts)


2015
2014
Net Sales
$9,188,748
$7,976,954
Cost and Expenses

Cost of Sales
$6,844,915
$5,248,834
Research and Development
564,303
664,564
Selling, General and Administrative
1,384,111
1,632,362
Restructuring Cost
(126,855)
320,856
Total costs and Expenses
$8,666,474
$7,866,616
Operating Income
$522,274
$110,338
Interest and other income(expense),Net
(21,988)
29,321
Income Before Income Taxes
$500,286
$139,659
Provision for Income Taxes
190,108
53,070
Net Income
310,178
86,589
Earnings per Common and Common Equivalent Share
$ 2.61
$ 0.73
Common and Common Equivalent shares used in the Calculations of Earnings per Share
118,735
119,125

Required:

Calculate the following ratios for both years.

1. Current Ratio

2. Quick Ratio

3. Receivable Turnover Ratio

4. Average days’ sales uncollected

5. Inventory Turnover

6. Average days’ Inventory on Hand

7. Profit margin

8. Asset Turnover

9. Return on Assets.

10. Return on Equity

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