Question
Find out the Credit Sales, Average Receivables, Allowance for Uncollectibles, Gross Accounts Receivable, Cost of Sales, Average Inventory, Accumulated Depreciation, Gross Depreciable Fixed Assets of
Find out the Credit Sales, Average Receivables, Allowance for Uncollectibles, Gross Accounts Receivable, Cost of Sales, Average Inventory, Accumulated Depreciation, Gross Depreciable Fixed Assets of the Apple Inc. for the year 2015 and 2016. Also, stats, is the inventory classified into more than one category? If so, what are those categories?
Students can use the following link to (Apple Inc's. 10-k, 2016) to the sec.gov to find out the answers. (Site the page you find answer from)
https://www.sec.gov/Archives/edgar/data/320193/000162828016020309/a201610-k9242016.htm
Copy and paste the link into the separate window and it will pop up the 10-k of the Apple Inc. The year-end in September and not December.
Guys No Data has been missing. Everything you need to know is in this 10-K's link. You need to go to the Financial Statment (Item 8) and you should be able to help me. I can't provide you the better description than this.
CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24, September 26, September 27 Net sales Cost of sales 215,639 $ 131,376 84,263 233,715 S 140,089 182,795 112,25B 70,537 Gross margin 93.626 Operating expenses: Research and development Seling, general and administrative 10,045 14,194 24,239 8.067 14 329 22 396 6,041 11,993 18,034 Total operating expenses Operating income Other incomeexpense), net Income bsfore provision for inoome taxes Provision for income taxes Net income 60,024 1,348 61,372 15,685 45,687 52,503 980 53,483 13,973 71,230 1 285 72,515 19.121 53,394 S $ Earnings per share: Basic Diluted 8.35 S B.31 $ 9.28 S 9.22 $ 6.49 6.45 Shares used in computing eamings per share: Basic Diluted 5,470,820 5,500,281 5,753.421 5,793,069 6,085,572 6,122,663 Cash dividends declared per share 2.18 $ 1.98 S 1.82 See accompanying Notes to Consolidated Financial Slatements. Apple Inc. 1 2016 Form 10-K139 CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24, September 26, September 27 Net sales Cost of sales 215,639 $ 131,376 84,263 233,715 S 140,089 182,795 112,25B 70,537 Gross margin 93.626 Operating expenses: Research and development Seling, general and administrative 10,045 14,194 24,239 8.067 14 329 22 396 6,041 11,993 18,034 Total operating expenses Operating income Other incomeexpense), net Income bsfore provision for inoome taxes Provision for income taxes Net income 60,024 1,348 61,372 15,685 45,687 52,503 980 53,483 13,973 71,230 1 285 72,515 19.121 53,394 S $ Earnings per share: Basic Diluted 8.35 S B.31 $ 9.28 S 9.22 $ 6.49 6.45 Shares used in computing eamings per share: Basic Diluted 5,470,820 5,500,281 5,753.421 5,793,069 6,085,572 6,122,663 Cash dividends declared per share 2.18 $ 1.98 S 1.82 See accompanying Notes to Consolidated Financial Slatements. Apple Inc. 1 2016 Form 10-K139Step by Step Solution
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