Question
Below is the company data for Apple Inc, currently being traded on the US markets. The measures are stated om millions of USD currency. Cash
Below is the company data for Apple Inc, currently being traded on the US markets. The measures are stated om millions of USD currency.
Cash & marketable securities $165
Fixed assets $286
Net sales $1320
Earnings Before Interests and Taxes (EBIT) $143
Net Earnings After Taxes (NEAT ) $ 66
Quick Ratio ((CA-Inventory)/CL) 2.1 to 1
Current Ratio (CA/CL) 3.4 to 1
Average Collection Period (ACP) 45.60 days
Return on Equity (ROE, NEAT/Net Common Equity) 13%
Tax rate 25%
For Apples Liabilities & Equity side, they only report common equity, debt and current operating liabilities.
Based on the detailed information above, find the following calculations;
What is Apples ROIC (post-tax) ?
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
