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just need the yellow part answered please. Rest is just information related Company: Apple Competitor: Microsoft Accountant's Report: 1. Who are the independent CPA's? The
just need the yellow part answered please. Rest is just information related
Company: Apple Competitor: Microsoft Accountant's Report: 1. Who are the independent CPA's? The independent CPA's are Emnst & Young LLP (page 56). 2. What kind of opinion is issued? An unqualified opinion is issued (page 55), 3. Should this particular report presumably increase the reliability of the financial statements? Why? 1. Is this a comparative statement? Yes, the company compares details of its financials with previous statements and data (page 26). On page 26, the company compares its operating expenses with those from previous years along with a percentage of sales presentation, which is indicative of a comparative statement 2. Is this a consolidated statement? Yes, the company has foreign and domestic subsidiaries whose financials it reports as part of the statement (page 37. list of subsidiaries on page 78). 3. What is the operating profit margin percentage? In 2021, the gross margin percentage was 41.8 percent (page 26). 4. What is the effective income tax rate from continuing operations? The effective tax rate was 13.3 percent in 2021 (page 27), 1. Is this a comparative statement? Yes, the company compares details of its financials with previous statements and data (page 26). On page 26, the company compares its operating expenses with those from previous years along with a percentage of sales presentation, which is indicative of a comparative statement 2. Is this a consolidated statement? Yes, the company has foreign and domestic subsidiaries whose financials it reports as part of the statement (page 37. list of subsidiaries on page 78). 3. What is the operating profit margin percentage? In 2021, the gross margin percentage was 41.8 percent (page 26). 4. What is the effective income tax rate from continuing operations? The effective tax rate was 13.3 percent in 2021 (page 27), C. Quick Ratio = 2.15 D. Accounts receivable turnover -7.75 E. Days' sales in receivable =47.08 F. Inventory turnover =15.26 G. 15.46 Days' sales in inventory 2. Solvency Measures a. What is the ratio of fixed assets to long-term liabilities? b. What is the ratio of liabilities to stockholders' equity? c. What is the time interest earned? Apple A Fixed asset to long-term liability ratio=0.26 B. Ratio of liabilities to stockholders equity=0,56 C. Times interest earned = 21.88 Microsoft A. Fixed asset to long-term liability ratio = 0,33 B. Ratio of liabilities to stockholders equity=0.86 C. Times interest eamed = 18.72 3. Profitability Measures a. What is the asset turnover? b. What is the return on total assets? c. What is the return on stockholders' equity? d. What is the return on common stockholders equity? . What is the earnings per share (EPS) on common stock? 1. What is the price earnings (P/E) ratio? . What are the dividends ner share? Wharf the 4 5 T. 3. Profitability Measures a. What is the asset turnover? b. What is the return on total assets? c. What is the return on stockholders' equity? d. What is the return on common stockholders' equity? e. What is the earnings per share (EPS) on common stock?f. What is the price earnings (P/E) ratio? g. What are the dividends per share? h. What is the . dividend yield? Apple B. C. D. E. F. G. H. Microsoft A B. C. Microsoft JALO Company: Apple Competitor: Microsoft Accountant's Report: 1. Who are the independent CPA's? The independent CPA's are Emnst & Young LLP (page 56). 2. What kind of opinion is issued? An unqualified opinion is issued (page 55), 3. Should this particular report presumably increase the reliability of the financial statements? Why? 1. Is this a comparative statement? Yes, the company compares details of its financials with previous statements and data (page 26). On page 26, the company compares its operating expenses with those from previous years along with a percentage of sales presentation, which is indicative of a comparative statement 2. Is this a consolidated statement? Yes, the company has foreign and domestic subsidiaries whose financials it reports as part of the statement (page 37. list of subsidiaries on page 78). 3. What is the operating profit margin percentage? In 2021, the gross margin percentage was 41.8 percent (page 26). 4. What is the effective income tax rate from continuing operations? The effective tax rate was 13.3 percent in 2021 (page 27), 1. Is this a comparative statement? Yes, the company compares details of its financials with previous statements and data (page 26). On page 26, the company compares its operating expenses with those from previous years along with a percentage of sales presentation, which is indicative of a comparative statement 2. Is this a consolidated statement? Yes, the company has foreign and domestic subsidiaries whose financials it reports as part of the statement (page 37. list of subsidiaries on page 78). 3. What is the operating profit margin percentage? In 2021, the gross margin percentage was 41.8 percent (page 26). 4. What is the effective income tax rate from continuing operations? The effective tax rate was 13.3 percent in 2021 (page 27), C. Quick Ratio = 2.15 D. Accounts receivable turnover -7.75 E. Days' sales in receivable =47.08 F. Inventory turnover =15.26 G. 15.46 Days' sales in inventory 2. Solvency Measures a. What is the ratio of fixed assets to long-term liabilities? b. What is the ratio of liabilities to stockholders' equity? c. What is the time interest earned? Apple A Fixed asset to long-term liability ratio=0.26 B. Ratio of liabilities to stockholders equity=0,56 C. Times interest earned = 21.88 Microsoft A. Fixed asset to long-term liability ratio = 0,33 B. Ratio of liabilities to stockholders equity=0.86 C. Times interest eamed = 18.72 3. Profitability Measures a. What is the asset turnover? b. What is the return on total assets? c. What is the return on stockholders' equity? d. What is the return on common stockholders equity? . What is the earnings per share (EPS) on common stock? 1. What is the price earnings (P/E) ratio? . What are the dividends ner share? Wharf the 4 5 T. 3. Profitability Measures a. What is the asset turnover? b. What is the return on total assets? c. What is the return on stockholders' equity? d. What is the return on common stockholders' equity? e. What is the earnings per share (EPS) on common stock?f. What is the price earnings (P/E) ratio? g. What are the dividends per share? h. What is the . dividend yield? Apple B. C. D. E. F. G. H. Microsoft A B. C. Microsoft JALO Step by Step Solution
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