Apple Rate Analys Using the final statement of calculate the following ration for the two mont IIIII Porno SER 12 . Picering and wi ll Apple Inc. 2017 Form 10- K40 Apple Inc. CONSOLIDATED BALANCE SHEETS in millions, except number of shares which are reflected in thousands and par value) September 30, September 24, 2017 2016 20.289S 53,892 20,484 46.671 ASSETS: Current assets Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowances of $58 and 853. respectively Inventories Vendor non-trade receivables Other current assets Total current assets 17,874 4,855 17.799 13,936 128,645 15,754 2.132 13,545 8,283 106,869 Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other non-current assets Total assets 194,714 33.783 5.717 2,298 10,162 375,319 170,430 27.010 5,414 3.206 8,757 321,685 $ $ LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Current portion of long-term debt Total current liabilities 49,049 25.744 7.548 11.977 6,496 100,814 37.294 22.027 8.080 8,105 3,500 79,005 Deferred revenue, non-current Long-term debt Other non-current liabilities Total liabilities 2,836 97.207 40,415 241,272 2,930 75.427 36,074 193.437 Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized: 5,126,201 and 5,336,166 shares issued and outstanding, respectively Retained eamings Accumulated other comprehensive income loss) Total shareholders' equity Total liabilities and shareholders' equity 35,867 98.330 (150) 134,047 375, 3195 31.251 96,364 634 128.249 321.686 Apple Inc. 2017 Form 10-K 38 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24, September 30, September 26, $ $ Net sales Cost of sales Gross margin 2017 229,234 141,048 88,186 2016 215,639 131,376 84.263 2015 233,715 140,089 93,626 Operating expenses Research and development Selling general and administrative Total operating expenses 11,581 15,261 26,842 10,045 14,194 24,239 8.067 14,329 22,396 60,024 1,348 Operating income Other income/expense), net Income before provision for income taxes Provision for income taxes Net income 61,344 2,745 64,089 15.738 48,351 $ 61,372 15,685 45,687 71,230 1,285 72,515 19.121 53,394 $ Earnings per share: Basic Diluted 9.28 9.27 9.21 $ $ 8.35 8.31 $ $ 9.22 Shares used in computing earnings per share: Basic Diluted 5,217.242 5,251,692 5,470,820 5,500.281 5.753.421 5.793,089 Cash dividends declared per share 2.40 $ 2.18 $ 1.98 Apple Inc. 2017 Form 10- K 42 Apleine CONSOLIDATED STATEMENTS OF CASH FLOWS ( on) Yanded September 24 September 2016 Cash and the beginning of the 20 484 5 21.120 13/14 5394 1050 10.157 4840 4210 3.58 (166) (2.093) (2.723) (4.254) (5 318) 9.518 liige (238) 735) 283) 1055 1837 (1554) 5.001 1042 (626) (154) 63.598 (2013) 654 9058 81266 (159.486 (142428) (166402) 31.775 Operating activities Nutcome Adjustments to reconcile et income to cash generated by operating activities Depreciation and amortization Share-based compensation expense Deferred income tax expense Other Changes inoping assets and abilities: Accounts receivabinet inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by opening activities Investing activities Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments made in connection with business acquisitions.net Payments for acquisition of property, plant and ument Payments for acquisition of intangible assets Payments for strategic investments, net Other Cash used in investing activities Francing a s Proceeds from issuance of common stock Excess tax benefits from equity awards Payments for related to net share mentow ards Payment for dividends and dividend g ents Repurchase of common stock Proceeds from issuance of debt.net Repayment of me Change in commercial paper net Cash used in financing activities Increase Decrease in cash and Gash 21.250 90 536 14538 107 447 4564 (329) (343) (241) (12.451) (344) (395) 220 46 446) (12734) (814 (1 ) (110) (45.971 26 (56.274 (1.499 (1.87 (12.7690 32.900) (1.570) (12.150 23722 24954 0523 500 097) 20 (17 7 278 20.4545 Cash and cash equivalents, end of the year Supplements how coure 11.591 10485 514 Apple Inc CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY In milions, except number of shares which are reflected in thousands) Common Stock and Additional Paid-in Capital Amount Retained Earnings Accumulated Other Comprehensive Income Loss) Total Shareholders Equity Shares 5.866,161 $ 23,313 5 $ 1,082 87,152 53.394 $ 111 547 53394 (1.427) (11,627) (36,026) 325 032) (36.026) 3.586 37.624 (231) (609) Balances as of September 27 2014 Net Income Other comprehensive income loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 26. 2015 Net income Other comprehensive incomaloss) Dividends and dividend equivalent declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee 748 5578.753 27 416 119.355 . 45 6:57 979 (12,188) (29,000) .. (12.188) (29.000) (279,609) 37,022 (806) 419) (1225) 379 5336.166 31 251 90364 48,351 128 249 48351 Tax benefit from equity awards, including transfer pricing adjustments Bwances as of September 24 2016 Net Income Other comprehensive incomaloss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withhold for employee (784) (12,803) (33,001) (12.803) (33,001) (246.496) 36,531 (913) (581) (1494) Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 30, 2017 5.126 2015 35,867 S 98.3305 (150) $ 134047 sin millions where eelicable Current Ratio Working Capital Netcash provided by operang Measures of Long Term Credit Risk Detto Equity Ratio EX 2.11) Measures of Profitability Gross Profit Margn Ratio (Ex 24.2%) Proft Margin Rate Net Proton S 5 EX 103) Return on Net income interest Expense Total Assets Ex 13.7%) instead of using averages you balance to calculate the main the case of Return on Total Assets 2.092 Use the following for interest expense aming Porshare-use SIGER 662, this com is on the income Earnings Statement no caution needed Measures of Evaluation by Common Stockholders Price Larring Ra y ewand 20.2) Stock Price M Year End TRamon Comment s There are ne preferred stock dividende TO 225 halen using averages you may use the year and out Balance to the main the case of Rebum on Common Stockholders Equity Required. Provide the appropriate numbers for each year and calculate change, % change, and common size Prior Yes 15 Change Change Common Se Common Sine Pro Net Sales Cost of Goods Sold Gross profit Alter Expenses. (Gross profil - Net Income) Ex 20.2% Ex 20 % Apple Rate Analys Using the final statement of calculate the following ration for the two mont IIIII Porno SER 12 . Picering and wi ll Apple Inc. 2017 Form 10- K40 Apple Inc. CONSOLIDATED BALANCE SHEETS in millions, except number of shares which are reflected in thousands and par value) September 30, September 24, 2017 2016 20.289S 53,892 20,484 46.671 ASSETS: Current assets Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowances of $58 and 853. respectively Inventories Vendor non-trade receivables Other current assets Total current assets 17,874 4,855 17.799 13,936 128,645 15,754 2.132 13,545 8,283 106,869 Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other non-current assets Total assets 194,714 33.783 5.717 2,298 10,162 375,319 170,430 27.010 5,414 3.206 8,757 321,685 $ $ LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Current portion of long-term debt Total current liabilities 49,049 25.744 7.548 11.977 6,496 100,814 37.294 22.027 8.080 8,105 3,500 79,005 Deferred revenue, non-current Long-term debt Other non-current liabilities Total liabilities 2,836 97.207 40,415 241,272 2,930 75.427 36,074 193.437 Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized: 5,126,201 and 5,336,166 shares issued and outstanding, respectively Retained eamings Accumulated other comprehensive income loss) Total shareholders' equity Total liabilities and shareholders' equity 35,867 98.330 (150) 134,047 375, 3195 31.251 96,364 634 128.249 321.686 Apple Inc. 2017 Form 10-K 38 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24, September 30, September 26, $ $ Net sales Cost of sales Gross margin 2017 229,234 141,048 88,186 2016 215,639 131,376 84.263 2015 233,715 140,089 93,626 Operating expenses Research and development Selling general and administrative Total operating expenses 11,581 15,261 26,842 10,045 14,194 24,239 8.067 14,329 22,396 60,024 1,348 Operating income Other income/expense), net Income before provision for income taxes Provision for income taxes Net income 61,344 2,745 64,089 15.738 48,351 $ 61,372 15,685 45,687 71,230 1,285 72,515 19.121 53,394 $ Earnings per share: Basic Diluted 9.28 9.27 9.21 $ $ 8.35 8.31 $ $ 9.22 Shares used in computing earnings per share: Basic Diluted 5,217.242 5,251,692 5,470,820 5,500.281 5.753.421 5.793,089 Cash dividends declared per share 2.40 $ 2.18 $ 1.98 Apple Inc. 2017 Form 10- K 42 Apleine CONSOLIDATED STATEMENTS OF CASH FLOWS ( on) Yanded September 24 September 2016 Cash and the beginning of the 20 484 5 21.120 13/14 5394 1050 10.157 4840 4210 3.58 (166) (2.093) (2.723) (4.254) (5 318) 9.518 liige (238) 735) 283) 1055 1837 (1554) 5.001 1042 (626) (154) 63.598 (2013) 654 9058 81266 (159.486 (142428) (166402) 31.775 Operating activities Nutcome Adjustments to reconcile et income to cash generated by operating activities Depreciation and amortization Share-based compensation expense Deferred income tax expense Other Changes inoping assets and abilities: Accounts receivabinet inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by opening activities Investing activities Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments made in connection with business acquisitions.net Payments for acquisition of property, plant and ument Payments for acquisition of intangible assets Payments for strategic investments, net Other Cash used in investing activities Francing a s Proceeds from issuance of common stock Excess tax benefits from equity awards Payments for related to net share mentow ards Payment for dividends and dividend g ents Repurchase of common stock Proceeds from issuance of debt.net Repayment of me Change in commercial paper net Cash used in financing activities Increase Decrease in cash and Gash 21.250 90 536 14538 107 447 4564 (329) (343) (241) (12.451) (344) (395) 220 46 446) (12734) (814 (1 ) (110) (45.971 26 (56.274 (1.499 (1.87 (12.7690 32.900) (1.570) (12.150 23722 24954 0523 500 097) 20 (17 7 278 20.4545 Cash and cash equivalents, end of the year Supplements how coure 11.591 10485 514 Apple Inc CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY In milions, except number of shares which are reflected in thousands) Common Stock and Additional Paid-in Capital Amount Retained Earnings Accumulated Other Comprehensive Income Loss) Total Shareholders Equity Shares 5.866,161 $ 23,313 5 $ 1,082 87,152 53.394 $ 111 547 53394 (1.427) (11,627) (36,026) 325 032) (36.026) 3.586 37.624 (231) (609) Balances as of September 27 2014 Net Income Other comprehensive income loss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 26. 2015 Net income Other comprehensive incomaloss) Dividends and dividend equivalent declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withheld for employee 748 5578.753 27 416 119.355 . 45 6:57 979 (12,188) (29,000) .. (12.188) (29.000) (279,609) 37,022 (806) 419) (1225) 379 5336.166 31 251 90364 48,351 128 249 48351 Tax benefit from equity awards, including transfer pricing adjustments Bwances as of September 24 2016 Net Income Other comprehensive incomaloss) Dividends and dividend equivalents declared Repurchase of common stock Share-based compensation Common stock issued, net of shares withhold for employee (784) (12,803) (33,001) (12.803) (33,001) (246.496) 36,531 (913) (581) (1494) Tax benefit from equity awards, including transfer pricing adjustments Balances as of September 30, 2017 5.126 2015 35,867 S 98.3305 (150) $ 134047 sin millions where eelicable Current Ratio Working Capital Netcash provided by operang Measures of Long Term Credit Risk Detto Equity Ratio EX 2.11) Measures of Profitability Gross Profit Margn Ratio (Ex 24.2%) Proft Margin Rate Net Proton S 5 EX 103) Return on Net income interest Expense Total Assets Ex 13.7%) instead of using averages you balance to calculate the main the case of Return on Total Assets 2.092 Use the following for interest expense aming Porshare-use SIGER 662, this com is on the income Earnings Statement no caution needed Measures of Evaluation by Common Stockholders Price Larring Ra y ewand 20.2) Stock Price M Year End TRamon Comment s There are ne preferred stock dividende TO 225 halen using averages you may use the year and out Balance to the main the case of Rebum on Common Stockholders Equity Required. Provide the appropriate numbers for each year and calculate change, % change, and common size Prior Yes 15 Change Change Common Se Common Sine Pro Net Sales Cost of Goods Sold Gross profit Alter Expenses. (Gross profil - Net Income) Ex 20.2% Ex 20 %