Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Attached are the 2021 financial statements of Apple Inc. Apple financial statements 2021.pdf In answering the following questions, enter all Apple figures in millions

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Attached are the 2021 financial statements of Apple Inc. Apple financial statements 2021.pdf In answering the following questions, enter all Apple figures in millions (dollar amounts) or thousands (share data), as shown on the financial statements. Pay attention to the fiscal year noted in each question. If the pdf attachment does not open for you, you can also access the Apple financial statements at this link - the statements are on pdf pages 32, 34, and 36: https://d18m0p25nwr6d.cloudfront.net/CIK-0000320193/42ede86f-6518 450f-bc88-60211bf39c6d.pdf a. How what Apple's research and development expense for fiscal year 2019? $ b. How much inventory did Apple hold as of the end of fiscal year 2020? $ c. What was Apple's total depreciation and amortization expense for fiscal year 2021? $ d. How much cash did Apple use to pay dividends and dividend equivalents in fiscal year 2020? $ e. What was Apple's current ratio for fiscal year 2020? For this question, enter your calculated answer to one decimal place, e.g., x.x. 1. What was Apple's operating profit percentage for fiscal year 2021? For this question, enter your calculated answer to one decimal place, e.g., x.x. % g. How much cash did Apple receive from issuing debt in fiscal year 2019? $ h. Apple reported gross margin of $152,836 (millions) for fiscal year 2021. How much of that gross margin was due to sales of Products? $ 1. Apple reported basic EPS of $2.99 for fiscal year 2019. This value is computed as a numerator value of $ divided by a denominator value of

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting: A Business Process Approach

Authors: Jane L. Reimers

3rd edition

978-013611539, 136115276, 013611539X, 978-0136115274

More Books

Students also viewed these Accounting questions