https://s2.q4cdn.com/470004039/files/doc_financials/2019/ar/_10-K-2019-(As-Filed).pdf

(need to use link to answer the questions regarding Apples Annual Report)

found. THE BASICS 1. Accounts Receivable (a) What is the amount of the company's accounts receivable? Before subtracting the allowance for doubtful accounts (gross accounts receivable) Page This year Last year After subtracting the allowance for doubtful accounts (net accounts receivable): This year Last year Page (b) What is the amount of the allowance for doubtful accounts? This year Last year What percentage of the gross accounts receivables are considered bad deb ts? The credit risk ratio: Allowance for doubtful accounts Gross accounts receivable This year Last year 2. Inventories and Cost of Goods Sold (a) What is the amount of inventory? Page 35 This year Last year (b) What is the amount of cost of goods sold? This year Last year 2 years ago () What inventory cesting method has the company chosen? Page Page (d) What other information does the company provide in the note about its inventory? Page FURTHER ANALYSIS Analysis of Current Assets 3. Calculate the following ratios: Show www computation (a) Receivables tumover Sales Average net receivables (b) Avenge collection period Turnover (c) Inventory turnover Cost of goods sold Average inventory (d) Average days inventories held Turnover 4. Explain what information each of these ratios provides (b) (5) (d) INFORMATION FOR DECISION MAKING 6 Evaluate the company's receivables collection. In your answer, consider the type ofpro- chuct(s) the company sells, the industry in which the company operates and the type of cus- tomar it serves. Refer to the information obtained in the preceding questions, 7. Evaluate the company's inventory management. In your answer, consider the type of products) the company sells, the industry in which the company operates and the type of cus- tomer it serves. Refer to the information obtained in the preceding questions, found. THE BASICS 1. Accounts Receivable (a) What is the amount of the company's accounts receivable? Before subtracting the allowance for doubtful accounts (gross accounts receivable) Page This year Last year After subtracting the allowance for doubtful accounts (net accounts receivable): This year Last year Page (b) What is the amount of the allowance for doubtful accounts? This year Last year What percentage of the gross accounts receivables are considered bad deb ts? The credit risk ratio: Allowance for doubtful accounts Gross accounts receivable This year Last year 2. Inventories and Cost of Goods Sold (a) What is the amount of inventory? Page 35 This year Last year (b) What is the amount of cost of goods sold? This year Last year 2 years ago () What inventory cesting method has the company chosen? Page Page (d) What other information does the company provide in the note about its inventory? Page FURTHER ANALYSIS Analysis of Current Assets 3. Calculate the following ratios: Show www computation (a) Receivables tumover Sales Average net receivables (b) Avenge collection period Turnover (c) Inventory turnover Cost of goods sold Average inventory (d) Average days inventories held Turnover 4. Explain what information each of these ratios provides (b) (5) (d) INFORMATION FOR DECISION MAKING 6 Evaluate the company's receivables collection. In your answer, consider the type ofpro- chuct(s) the company sells, the industry in which the company operates and the type of cus- tomar it serves. Refer to the information obtained in the preceding questions, 7. Evaluate the company's inventory management. In your answer, consider the type of products) the company sells, the industry in which the company operates and the type of cus- tomer it serves. Refer to the information obtained in the preceding questions