Question
BALANCE SHEETS: 2017 2018 Assets: Cash 74,181 66,301 Accounts Receivable 35,673 48,995 Inventory 4,855 3,986 Other Current Assets 13,936 12,057 Fixed Assets, net 33,783 41,304
BALANCE SHEETS:
2017 2018
Assets:
Cash 74,181 66,301
Accounts Receivable 35,673 48,995
Inventory 4,855 3,986
Other Current Assets 13,936 12,057
Fixed Assets, net 33,783 41,304
Investments 212,891 233,082
Total Assets 375,319 405,725
Liabilities and Equity:
Accounts Payable 44,242 55,888
Other Current Liabilities 50,226 55,416
Long-Term Debt 103,703 102,519
Other Noncurrent Liabilities 43,251 48,209
Common Stock 35,567 33,293
Retained Earnings 98,330 110,400
Total Liabilities and Equity 375,319 405,725
INCOME STATEMENT:
FY 2018
Revenue 265,595
Cost of Goods Sold 163,756
General and Administrative 14,793
Depreciation Expense 10,903
Earnings Before Interest and Taxes 76,143
Interest Expense 3,240
Pretax Net Income 72,903
Income Taxes 13,372
Net Income 59,531
- If Apple had an average of 4,337 million common shares outstanding during 2018 and its stock is currently worth $175 per share, what is its Price : Earnings (PE) ratio?
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Financial Accounting The Impact On Decision Makers
Authors: Gary A Porter, Curtis L Norton
7th Edition
1439080526, 9781439080528
