Gross margins 2019 Apple financial statements Consolidate Statements of Operations (in millions) SOME ITEMS WERE COMBINED BY PROF GARBE - DO NOT SUBMIT TO ANOTHER CLASS AS YOUR OWN WORK - GET ACTUAL FILE FROM EDGAR DB Sep 28, 2019 Sep 29, 2018 Sep 30 2017 Net sales S260,174 S265.595 S229,234 Cost of sales 161.786 163.756 141.048 98.392 101,839 88,186 Operating expenses: Research & Development 16,217 14.236 11.581 Selling, general & administrative 18.245 16,705 15.261 Total operating expenses 34,462 30,941 26,842 Operating income 63.930 70.898 61,344 Other income (expenses) 1,807 2,005 2,745 Income before taxes 65.737 72.903 64,089 Income taxes 10,481 13,372 15,738 Net income $55,256 $59,531 $48.351 Sep 29, 2018 Apple Consolidated Balance Sheets (in millions) Sep 28, 2019 ASSETS: Current assets: Cash and cash equivalents $100,557 Accounts receivable 22.926 Inventories 4.106 Other current assets 35.230 Total current assets 162,819 Non-current assets 175.697 Total assets $338,516 $66,301 23.930 3.956 37.896 131,339 234.386 S365.725 LIABILITIES AND SHAREHOLDER'S EQUITY: Current liabilities: Account payable Other current liabilities Total current liabilities Non-current liabilities Total Liabilities $46,236 59.482 105,718 142.310 248,028 $55,888 60.978 116,866 141,712 258,578 Shareholders' equity: Common stock Retained earning Accumulated other income (loss) Total shareholders' equity Total Liabilities and Shareholder's Equity 45,174 45.898 (584) 90.488 S338,516 40.201 70,400 (3,454) 107,147 S365,725 Apple 2019 Financial Statements Worksheet Commas (not) after every 3rd digits. Ratio is a constant, not a monetary value, no "$". Make sure you write the number in its entirety, such as $123,456M. Decimal point is a dot".", not","". 2019 (fill in all blanks) in millions $: Revenue (sales) Cost of Goods Sold (Cost of Sales) in millions $: Gross Margins in millions $: Operating Income in millions $: Net Income (Net Earnings or Loss) in millions $: Current Assets in millions $: Total Assets in millions $: Current Liabilities in millions $: Total Liabilities (Total Debt) in millions $: Total Shareholders' Equity in millions $: 2018 (fill in all blanks) Revenue (sales) in millions $: Net Income (Net Earnings or Loss) in millions $: 2019 Financial Formula (1 pts each) calculation (3 pts each) Ratios, %, or Samount (4 pts each) analysis Example: (123,456 - 3,456/543 (if %, round to 2 digits after decimal pt, Example: use numbers in millions as for %, round first then covert to %) (curr assets)/(curr liab) shown in financial statement Example: If calculator shows 0.487521, round to 0.49, then convert to 49% Revenue Growth Rate(%) Net Earning Growth rate (%) Net Working Capital (SM) Return on Sales (%) or ratio (2 digits after the dec pt) Current ratio (a number wl decimal pt, not %) 2 digits after dec pt Debt to Equity ratio (a number w/ decimal pt, not %) 2 digits after dec pt Copyright 2021 Emily Garbe. It is unlawful to sell, appropriate, share, or distribute materials from this class to individuals, websites, or entities (such as "tutoring service", chat platforms, and "homework help" websites) without the explicit written consent of the copyright holder
