Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Given the following financial data for Apple Inc. for the years 2019, 2020, and 2021, perform the required analysis: 2019 2020 2021 Sales $260,174 $274,515

Given the following financial data for Apple Inc. for the years 2019, 2020, and 2021, perform the required analysis:


2019

2020

2021

Sales

$260,174

$274,515

$365,817

Cost of Sales

$161,782

$169,559

$212,981

Gross Profit

$98,392

$104,956

$152,836

Operating Expenses

$34,187

$36,096

$43,880

Operating Income

$64,205

$68,860

$108,956

Net Income

$55,256

$57,411

$94,680



2019

2020

2021

Total Assets

$338,516

$323,888

$351,002

Total Liabilities

$248,028

$245,064

$287,912

Shareholders' Equity

$90,488

$78,824

$63,090

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Determine the operating profit margin for each year.
  3. Calculate the net profit margin for each year.
  4. Compute the return on assets (ROA) for each year.
  5. Compute the return on equity (ROE) for each year.
  6. Evaluate the trend in Apple's financial performance over these three years.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance services an integrated approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

16th edition

978-0134075754, 134075757, 134065824, 978-0134065823

Students also viewed these Accounting questions