Here is a link to Apple's 2019 Annual Report: Apple Link e Scroll down to page 3 of the Form 10K and find Item 8 "Financial Statements." 1) Complete the common-size Balance Sheet and Income Statement Information for both 2019 and 2018 (areas shaded in light blue in the Excel worksheet template below). AAPL 2019 Common Size BS and IS Student Template.xlsx I know it may be tempting to pull a group together and each do a ratio or two, however, you will never master and understand them properly if you don't do the work yourself. A F G B 9/28/19 Common Size % D E 9/29/18 Common Size % 1 Apple Inc. Balance Sheet 2 3 CURRENT ASSETS 4 Cash and Cash Equivalents 5 Short-Term Investments 6 Net Receivables 14.4% 7.1% 7 Inventory $48,844,000 $51,713,000 $45,804,000 S4, 106,000 $12,352,000 $162,819,000 $25,913,000 $40,388,000 $48,995,000 $3,956,000 $12,087,000 $131,339,000 $105,341,000 $37,378,000 SO so $32,978,000 SO $338,516,000 $170,799,000 $41,304,000 SO SO $22,283,000 SO $365,725,000 $46,236,000 $16,240,000 $43,242,000 $105,718,000 $55,888,000 $20,748,000 $39,293,000 $115,929,000 $91,807,000 $93,735,000 8 Other Current Assets 9 Total Current Assets 10 LONG-TERM ASSETS 11 Long-Term Investments 12 Fixed Assets 13 Goodwill 14 Intangible Assets 15 Other Assets 16 Deferred Asset Charges 17 Total Assets 18 10 19 CURRENT LIABILITIES 20 Accounts Payable 21 Short-Term Debt / Current Portion of Long-Term Debt 22 Other Current Liabilities 23 Total Current Liabilities 24 25 Long-Term Debt 26 27 Other Liabilities 28 Deferred Liability Charges 29 Misc. Stocks 30 Minority Interest 31 Total Liabilities 32 33 STOCK HOLDERS EQUITY 34 Common Stocks 35 Capital Surplus 36 Retained Earnings 37 Treasury Stock 38 Other Equity 39 Total Equity 40 41 Total Liabilities & Equity 42 Balance Sheet Income Statement $50,503,000 SO so SO $248,028,000 $48,914,000 SO SO SO $258,578,000 $45, 174,000 $45,898,000 SO SO (S584,000) $90,488,000 S40,201,000 $70,400,000 SO $0 ($3,454,000) $107,147,000 $338.516.000 $365.725.000 + Select destination and press ENTER or choose Paste A B c D E 9/28/19 Common Size % 9/29/18 Common Size % (in 000) $260,174,000 $161,782,000 $98,392,000 62.2% $265,595,000 $163,756,000 $101,839,000 S16,217,000 $18,245,000 SO SO S34,462,000 $14,236,000 $16,705,000 SO SO S30,941,000 1 Apple Inc. 2 PERIOD ENDING: 3 4 Total Revenue 5 less: Cost of Revenue 6 Gross Profit 7 8 OPERATING EXPENSES 9 Research and Development 10 Sales, General and Admin. 11 Non-Recurring Items 12 Other Operating Items 13 Total Operating Expenses 14 15 Operating Income 16 Interest Income & Dividends In Excess Of Interest Expense 17 18 Earnings Before Interest and Tax 19 Interest Expense 20 Earnings Before Tax 21 Income Tax 22 Minority Interest 23 Equity Eamings/Loss Unconsolidated Subsidiary 24 Net Income-Cont. Operations 25 Net Income 26 Net Income Applicable to Common Shareholders 27 Shares Outstanding 28 Fully Diluted 29 Earnings Per share--fully diluted 30 31 S63,930,000 $1,807,000 $70,898,000 $2,005,000 S65,737,000 SO S65,737,000 S10,481,000 SO SO $55,256,000 S55,256,000 $55,256,000 $72,903,000 SO S72,903,000 $13,372,000 SO SO $59,531,000 $59,531,000 $59,531,000 4,648,910 $11.89 5,000,109 $11.91 Balance Sheet Income Statement + Select destination and press ENTER or choose Paste Here is a link to Apple's 2019 Annual Report: Apple Link e Scroll down to page 3 of the Form 10K and find Item 8 "Financial Statements." 1) Complete the common-size Balance Sheet and Income Statement Information for both 2019 and 2018 (areas shaded in light blue in the Excel worksheet template below). AAPL 2019 Common Size BS and IS Student Template.xlsx I know it may be tempting to pull a group together and each do a ratio or two, however, you will never master and understand them properly if you don't do the work yourself. A F G B 9/28/19 Common Size % D E 9/29/18 Common Size % 1 Apple Inc. Balance Sheet 2 3 CURRENT ASSETS 4 Cash and Cash Equivalents 5 Short-Term Investments 6 Net Receivables 14.4% 7.1% 7 Inventory $48,844,000 $51,713,000 $45,804,000 S4, 106,000 $12,352,000 $162,819,000 $25,913,000 $40,388,000 $48,995,000 $3,956,000 $12,087,000 $131,339,000 $105,341,000 $37,378,000 SO so $32,978,000 SO $338,516,000 $170,799,000 $41,304,000 SO SO $22,283,000 SO $365,725,000 $46,236,000 $16,240,000 $43,242,000 $105,718,000 $55,888,000 $20,748,000 $39,293,000 $115,929,000 $91,807,000 $93,735,000 8 Other Current Assets 9 Total Current Assets 10 LONG-TERM ASSETS 11 Long-Term Investments 12 Fixed Assets 13 Goodwill 14 Intangible Assets 15 Other Assets 16 Deferred Asset Charges 17 Total Assets 18 10 19 CURRENT LIABILITIES 20 Accounts Payable 21 Short-Term Debt / Current Portion of Long-Term Debt 22 Other Current Liabilities 23 Total Current Liabilities 24 25 Long-Term Debt 26 27 Other Liabilities 28 Deferred Liability Charges 29 Misc. Stocks 30 Minority Interest 31 Total Liabilities 32 33 STOCK HOLDERS EQUITY 34 Common Stocks 35 Capital Surplus 36 Retained Earnings 37 Treasury Stock 38 Other Equity 39 Total Equity 40 41 Total Liabilities & Equity 42 Balance Sheet Income Statement $50,503,000 SO so SO $248,028,000 $48,914,000 SO SO SO $258,578,000 $45, 174,000 $45,898,000 SO SO (S584,000) $90,488,000 S40,201,000 $70,400,000 SO $0 ($3,454,000) $107,147,000 $338.516.000 $365.725.000 + Select destination and press ENTER or choose Paste A B c D E 9/28/19 Common Size % 9/29/18 Common Size % (in 000) $260,174,000 $161,782,000 $98,392,000 62.2% $265,595,000 $163,756,000 $101,839,000 S16,217,000 $18,245,000 SO SO S34,462,000 $14,236,000 $16,705,000 SO SO S30,941,000 1 Apple Inc. 2 PERIOD ENDING: 3 4 Total Revenue 5 less: Cost of Revenue 6 Gross Profit 7 8 OPERATING EXPENSES 9 Research and Development 10 Sales, General and Admin. 11 Non-Recurring Items 12 Other Operating Items 13 Total Operating Expenses 14 15 Operating Income 16 Interest Income & Dividends In Excess Of Interest Expense 17 18 Earnings Before Interest and Tax 19 Interest Expense 20 Earnings Before Tax 21 Income Tax 22 Minority Interest 23 Equity Eamings/Loss Unconsolidated Subsidiary 24 Net Income-Cont. Operations 25 Net Income 26 Net Income Applicable to Common Shareholders 27 Shares Outstanding 28 Fully Diluted 29 Earnings Per share--fully diluted 30 31 S63,930,000 $1,807,000 $70,898,000 $2,005,000 S65,737,000 SO S65,737,000 S10,481,000 SO SO $55,256,000 S55,256,000 $55,256,000 $72,903,000 SO S72,903,000 $13,372,000 SO SO $59,531,000 $59,531,000 $59,531,000 4,648,910 $11.89 5,000,109 $11.91 Balance Sheet Income Statement + Select destination and press ENTER or choose Paste