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Compute Samsung's ratio and Apple's ratio of investments in property, plant, and equipment to sales for 2017. (Round your answers to 2 decimal places.) Access
Compute Samsung's ratio and Apple's ratio of investments in property, plant, and equipment to sales for 2017. (Round your answers to 2 decimal places.)
Access Samsung's and Apple's income statements in Appendix A) for fiscal year 2017. The ratio of investments in property, plant, and equipment to sales can be used to assess how much a company is investing to maintain and expand its productive capacity. Requlred: 1. Compute Samsung's ratio of investments in property, plant, and equipment to sales for 2017 2. Compute Apple's ratio of investments in property, plant, and equipment to sales for 2017 3. Which company (Samsung or Apple) invested more (as a percent of sales) in property, plant, and equipment? 4. Assume Samsung forecasts total sales of 240 million korean won for 2018 and plans to invest 18% of 2018 revenue in property. plant, and equipment. What amount (in Korean won) will Samsung budget for investments in property, plant, and equipment for 2018? Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Compute Samsung's ratio and Apple's ratio of investments in property, plant, and equipment to sales for 2017. (Round your answers to 2 decimal places.) Samsung's ratio Apple's ratio Samsung Electronics Co., Ltd. and Subsidiaries CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31, 2017 KRW December 31, 2016 KRW 30,545,130 49,447,696 3.191,375 27,695,995 4,108,961 1,753,673 3,835,219 24,983,355 1,421,060 32,111,442 52,432,411 3,638,460 24,279,211 3,521,197 1.439,938 3,502,083 18,353,503 1,315,653 835,806 141,429,704 146,982,464 6,804,276 (In millions of Korean won) Assets Current assets Cash and cash equivalents Short-term financial instruments Short-term available-for-sale financial assets Trade receivables Non-trade receivables Advance payments Prepaid expenses Inventories Other current assets Assets held-for-sale Total current assets Non-current assets Long-term available for sale financial assets Held-to-maturity financial assets Investment in associates and joint ventures Property, plant and equipment Intangible assets Long-term prepaid expenses Net defined benefit assets Deferred income tax assets Other non-current assets Total assets Liabilities and Equity Current liabilities Trade payables Short-term borrowings Other payables Advances received Withholdings Accrued expenses Income tax payable Current portion of long-term liabilities Provisions Other current liabilities Liabilities held-for-sale Total current liabilities Non-current liabilities Debentures Long-term borrowings Long-term other payables 7,752,180 106,751 6,802,351 111,665,648 14,760,483 3,434,375 825,892 5,061,687 4,360,259 301,752,090 5,837,884 91,473,041 5,344,020 3,834,831 557,091 5,321,450 1,572,027 262,174,324 9,083,907 15,767,619 13,899,633 1,249,174 793,582 13,996,273 7,408,348 278,619 4,294,820 403,139 6,485,039 12,746,789 11,525,910 1,358,878 685,028 12,527,300 2,837,353 1,232,817 4,597,417 351,176 356.388 54,704,095 67,175, 114 953,361 1,814,446 2,043,729 58,542 1,244,238 3,317,054 Samsung Electronics Co., Ltd. and Subsidiaries CONSOLIDATED STATEMENTS OF PROFIT OR LOSS 2017 2016 For the year ended December 31 (In millions of Korean won) Revenue Cost of sales Gross profit Selling and administrative expenses Operating profit Other non-operating income Other non-operating expense Share of profit of associates and joint ventures Financial income Financial expense Profit before income tax Income tax expense Profit for the period KRW 239,575,376 129,290,661 110,284,715 56,639,677 53,645,038 3,010,657 1,419,648 201,442 9,737,391 8,978,913 56,195,967 14,009,220 42,186,747 KRW 201,866,745 120,277,715 81,589,030 52,348,358 29,240,672 3,238,261 2,463,814 19,501 11,385,645 10,706,613 30,713,652 7,987,560 22,726,092 Profit attributable to owners of the parent Profit attributable to non-controlling interests 41,344,569 842,178 22,415,655 310,437 Earnings per share -Basic -Diluted 299,868 299,868 157,967 157,967 The above consolidated statement of financial position should be read in conjunction with the accompanying notes. September 26, 2015 $ 233,715 140,089 93,626 Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 30, 2017 September 24, 2016 Net sales 229,234 $ 215,639 Cost of sales 141,048 131,376 Gross margin 88,186 84.263 Operating expenses Research and development 11,581 10,045 Selling, general and administrative 15,261 14,194 Total operating expenses 26,842 24,239 Operating income 60,024 Other income (expense), net 2,745 1,348 Income before provision for income taxes 64,089 61,372 Provision for income taxes 15,738 15,685 Net income 48,351 45,687 61,344 8,067 14,329 22,396 71,230 1,285 72,515 19.121 53,394 9.27 9.21 $ $ 8.35 8.31 $ $ 9.28 9.22 Earnings per share: Basic Diluted Shares used in computing earnings per share: Basic Diluted Cash dividends declared per share 5,217,242 5,251,692 2.40 5,470,820 5,500,281 2.18 5,753,421 5,793,069 1.98 See accompanying Notes to Consolidated Financial Statements. Appendix A Financial Statement Information September 24, 2016 Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 30, 2017 ASSETS Current assets Cash and cash equivalents 20,289 Short-term marketable securities 53,892 Accounts receivable, less allowances of $58 and $53, respectively 17,874 Inventories 4,855 Vendor non-trade receivables 17,799 Other current assets 13,936 Total current assets 128,645 Long-term marketable securities 194,714 Property, plant and equipment, net 33,783 Goodwill 5,717 Acquired intangible assets, net 2,298 Other non-current assets 10,162 Total assets $ 375,319 20,484 46,671 15,754 2,132 13,545 8,283 106,869 170,430 27,010 5,414 3,206 8,757 321,686
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