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COMPLETE THE FOLLOWING RATIOS FOR THE YEAR ENDED 2021: Earnings per Share of Common Stock Current Ratio Gross Profit Rate Profit Margin Inventory Turnover Days
COMPLETE THE FOLLOWING RATIOS FOR THE YEAR ENDED 2021:
- Earnings per Share of Common Stock
- Current Ratio
- Gross Profit Rate
- Profit Margin
- Inventory Turnover
- Days in Inventory
- Accounts Receivable Turnover
- Average Collection Period
- Asset Turnover
- Return on Assets (ROA)
- Debt to assets Ratio
- Times Interest Earned Ratio
- Dividend Yield [For the purposes of this ratio, use obtain the dividend per share information from each company's statement of stockholders' equity. Obtain the stock prices for each company from Yahoo Finance. Use the closing price as of 9/24/21 for Apple, and 06/30/21 for Microsoft. ]
- Return on Common Stockholders' Equity (ROE)
- Free cash flow
- Price-Earnings Ratio (Obtain the stock prices for each company from Yahoo Finance. Use the closing price as of 9/24/21 for Apple, and 06/30/21 for Microsoft.)
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Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Total non-current liabilities Total liabilities Accumulated other comprehensive incomel (loss) Total shareholders' equity ASSETS: Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,426,786 and 16,976,763 shares issued and outstanding, respectively Retained earnings Total liabilities and shareholders' equity LIABILITIES AND SHAREHOLDERS' EQUITY: See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2021 Form 10-K131 September 25, 2021 34,940 $ 27,699 26,278 6,580 25,228 14,111 134,836 127,877 39,440 48,849 216,166 351,002 $ 54,763 $ 47,493 7,612 6,000 9,613 125,481 109,106 53,325 162,431 287,912 57,365 5,562 163 63,090 351,002 September 26, 2020 38,016 52,927 16,120 4,061 21,325 11,264 143,713 100,887 36,766 42,522 180,175 323,888 42,296 42,684 6,643 4,996 8,773 105,392 98,667 54,490 153,157 258,549 50,779 14,966 (406) 65.339 323,888 Cash, cash equivalents and restricted cash, beginning balances Operating activities: Net income Adjustments to reconcile net income to cash generated by operating activities Depreciation and amortization Share-based compensation expense Deferred income tax benef Other Changes in operating assets and liabilities: Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities Investing activities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In milions) Payments for acquisition of property, plant and equipment Payments made in connection with business acquisitions, net Purchases of non-marketable securities Proceeds from non-marketable securities Other Cash generated by used in) investing activities Financing activities: Proceeds from issuance of common stock Payments for taxes related to net share settlement of equity awards Payments for dividends and dividend equivalents Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term debt Proceeds from/Repayments of) commercial paper, net Other Cash used in financing activities Increase (Decrease) in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, ending balances Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest S Apple Inc. | 2021 Form 10-K | 33 September 25, 2021 39.789 94,680 11,284 7,906 (4,774) (147) (10,125) (2,642) (3,903) (8,042) 12,326 1,676 5,799 104.038 (109,558) 59,023 47,460 (11,085) (33) (131) 387 (608) (14,545) 1,105 (6,556) (14,467) (85,971) See accompanying Notes to Consolidated Financial Statements. 20,393 (8,750) 1,022 (129) (93,353) (3,860) $ 35.929 $ 25,385 $ 2.687 S Years ended September 26, 2020 50.224 57,411 11,066 6,829 (215) (97) 6,917 (127) 1,553 (9,588) (4,062) 2,081 8.916 80.674 (114,938) 69,918 50,473 (7.309) (1,524) (210) 92 (791) (4.299) 880 (3,634) (14,081) (72,358) 16,001 (12,629) (963) (126) (86,820) (10,435) 39.789 $ 9,501 $ 3,002 S September 28, 2019 25,913 55,256 12,547 6,068 (340) (652) 245 (289) 2,931 873 (1923) (625) (4.700) 69,301 (39,630) 40,102 56,988 (10,495) (624) (1,001) 1,634 (1.078) 45.800 781 (2817) (14,119) (66,897) 6,963 (8.805) (5.977) (105) (90,976) 24,311 50,224 15,263 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Total shareholders' equity, beginning balances Common stock and additional paid-in capital: Beginning balances Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Ending balances Retained earnings: Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity awards Common stock repurchased Cumulative effects of changes in accounting principles Ending balances Accumulated other comprehensive income/(loss): Beginning balances Other comprehensive income/(loss) Cumulative effects of changes in accounting principles Ending balances Total shareholders' equity, ending balances Dividends and dividend equivalents declared per share or RSU September 25, 2021 Apple Inc. | 2021 Form 10-K | 32 65,339 50,779 1,105 (2,627) 8.108 57.365 14,966 94,680 (14,431) (4,151) (85,502) 5,562 (406) 569 See accompanying Notes to Consolidated Financial Statements. 163 $ 63,090 $ 0.85 $ Years ended September 26, 2020 90,488 45,174 880 (2.250) 6.975 50,779 45,898 57,411 (14,087) (1,604) (72,516) (136) 14,906 (584) 42 136 (406) $ 65,339 $ 0.795 $ September 28, 2019 107,147 40,201 781 (2002) 6,194 45.174 70,400 55,256 (14,129) (1.029) (67,101) 2,501 45,898 (3,454) 2,781 89 (584) 90,488 0.75 Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Total non-current liabilities Total liabilities Accumulated other comprehensive incomel (loss) Total shareholders' equity ASSETS: Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,426,786 and 16,976,763 shares issued and outstanding, respectively Retained earnings Total liabilities and shareholders' equity LIABILITIES AND SHAREHOLDERS' EQUITY: See accompanying Notes to Consolidated Financial Statements. Apple Inc. | 2021 Form 10-K131 September 25, 2021 34,940 $ 27,699 26,278 6,580 25,228 14,111 134,836 127,877 39,440 48,849 216,166 351,002 $ 54,763 $ 47,493 7,612 6,000 9,613 125,481 109,106 53,325 162,431 287,912 57,365 5,562 163 63,090 351,002 September 26, 2020 38,016 52,927 16,120 4,061 21,325 11,264 143,713 100,887 36,766 42,522 180,175 323,888 42,296 42,684 6,643 4,996 8,773 105,392 98,667 54,490 153,157 258,549 50,779 14,966 (406) 65.339 323,888 Cash, cash equivalents and restricted cash, beginning balances Operating activities: Net income Adjustments to reconcile net income to cash generated by operating activities Depreciation and amortization Share-based compensation expense Deferred income tax benef Other Changes in operating assets and liabilities: Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities Investing activities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In milions) Payments for acquisition of property, plant and equipment Payments made in connection with business acquisitions, net Purchases of non-marketable securities Proceeds from non-marketable securities Other Cash generated by used in) investing activities Financing activities: Proceeds from issuance of common stock Payments for taxes related to net share settlement of equity awards Payments for dividends and dividend equivalents Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term debt Proceeds from/Repayments of) commercial paper, net Other Cash used in financing activities Increase (Decrease) in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, ending balances Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest S Apple Inc. | 2021 Form 10-K | 33 September 25, 2021 39.789 94,680 11,284 7,906 (4,774) (147) (10,125) (2,642) (3,903) (8,042) 12,326 1,676 5,799 104.038 (109,558) 59,023 47,460 (11,085) (33) (131) 387 (608) (14,545) 1,105 (6,556) (14,467) (85,971) See accompanying Notes to Consolidated Financial Statements. 20,393 (8,750) 1,022 (129) (93,353) (3,860) $ 35.929 $ 25,385 $ 2.687 S Years ended September 26, 2020 50.224 57,411 11,066 6,829 (215) (97) 6,917 (127) 1,553 (9,588) (4,062) 2,081 8.916 80.674 (114,938) 69,918 50,473 (7.309) (1,524) (210) 92 (791) (4.299) 880 (3,634) (14,081) (72,358) 16,001 (12,629) (963) (126) (86,820) (10,435) 39.789 $ 9,501 $ 3,002 S September 28, 2019 25,913 55,256 12,547 6,068 (340) (652) 245 (289) 2,931 873 (1923) (625) (4.700) 69,301 (39,630) 40,102 56,988 (10,495) (624) (1,001) 1,634 (1.078) 45.800 781 (2817) (14,119) (66,897) 6,963 (8.805) (5.977) (105) (90,976) 24,311 50,224 15,263 Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Total shareholders' equity, beginning balances Common stock and additional paid-in capital: Beginning balances Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Ending balances Retained earnings: Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity awards Common stock repurchased Cumulative effects of changes in accounting principles Ending balances Accumulated other comprehensive income/(loss): Beginning balances Other comprehensive income/(loss) Cumulative effects of changes in accounting principles Ending balances Total shareholders' equity, ending balances Dividends and dividend equivalents declared per share or RSU September 25, 2021 Apple Inc. | 2021 Form 10-K | 32 65,339 50,779 1,105 (2,627) 8.108 57.365 14,966 94,680 (14,431) (4,151) (85,502) 5,562 (406) 569 See accompanying Notes to Consolidated Financial Statements. 163 $ 63,090 $ 0.85 $ Years ended September 26, 2020 90,488 45,174 880 (2.250) 6.975 50,779 45,898 57,411 (14,087) (1,604) (72,516) (136) 14,906 (584) 42 136 (406) $ 65,339 $ 0.795 $ September 28, 2019 107,147 40,201 781 (2002) 6,194 45.174 70,400 55,256 (14,129) (1.029) (67,101) 2,501 45,898 (3,454) 2,781 89 (584) 90,488 0.75Step by Step Solution
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