Question
Download the 2015 10-K annual report for Apple and peruse them. Find the companies audit reports. Who are the auditors? Are any concerns raised in
Download the 2015 10-K annual report for Apple and peruse them.
Find the companies audit reports. Who are the auditors? Are any concerns raised in the reports?
Download a spreadsheet version of financial statements; Balance Sheet, Statement of Operations, Statement of Cash Flows and Statement of Shareholders Equity. Check with the sec.gov Website as many companies file their financials in spreadsheet form; look for the Interactive Data link on the search results page. Using Excel prepare the following showing all calculations.
Determine the relative proportion of short-term and long-term assets.
Determine the relative proportion of liabilities and equity.
Calculate the return on assets (ROA) for the most recent year.
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