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Make a 5-year trend analysis, using 2015 as the base year, of net sales and net income. (Enter amounts in millions. Round percentage answers to O decimal places, eg. 12%) APPLE, INC. Trend Analysis of Net Sales and Net Earnings For the Five Years Ended 2019 Base Period 2015-($ in millions) 2018 2017 2016 2015 265595 $ 2229234 $ 215639 233715 59531 48351 $ 45687 53394 % 96 96 Compute for 2019 and 2018 the debt to assets ratio and times interest earned (Round time interesteamed answers to 1 decimal place, eg. 15.2.) 2019 2018 Debt to Assets Ratio 9 Times Interest Earned times times (c1) Compute for 2019 and 2018 the profit margin. asset turnover, return on assets, and return on common stockholders' equity. How would you evaluate Apple's profitability? Total assets at September 30, 2017. were $375.319 million and total stockholders' equity at September 30, 2017.was $134.047 million. (Round Asset turnover to 2 decimal places, eg. 15.25 and all other answers to 1 decimal place, eg 15.2%) 2019 2018 Profit Margin Asset Turnover times times Return on Assets Return on Common Stockholders' Equity pina CONSOUDALD STATES OF OPENMONS a minon, maplnumber one which are made in thousands and par mhan amounts) YO Ep 2019 S2 2017 3 Nat! Products Services Toe net soos 2018 22 3 48.291 280.174 39.748 286,505 198,834 32,700 229 234 Cast of sales: Products Servlees Total cost of sales Gross margin 144.996 18.788 181.782 98.392 148.164 15,692 163.758 101.839 128,307 14,711 141,048 88,186 Operating expenses: Research and development Selling. general and administrative Total operating expenses 16.217 18.245 14.482 14.238 16.705 30.941 11,581 16,281 28.842 Operating income Other incomelexpense), net Income before provision for income taxes Provgion for income taxes Nel income 63.930 1.807 65.737 10.481 55.256 $ 70.898 2.005 72.903 13.372 59,531 61,344 2,745 64.089 15.738 48.351 S Earnings per share $ $ 11.97 11.89 $ 12.01$ 11.91 $ Shares used in computing earnings per share: 4.617.834 4,648.913 4.955.377 5.000.109 5.217.242 5,251,692 See accompanying Notes to Consolidated Financial Statements. Appena CONSOLIDATID STATLIENTS O COMPREHENSIVE INCOME (in miliona) wamba, Bopen? Bmplem2 FO 2010 S 66,256 5 69.831 tinh er comprehensiva neomelboss): Change in foreign currency translation, net of tax 48,261 (408) (628) 224 (681) 502 1,315 Change in unrealized gainslosses on derivative instruments, net of tax Change in fair value of derivatives Adjustment br net (pains/losses realized and included in net income Total change in unrealized gains/losses on denvalive instruments 22 382 (1,477) {888) 905 (182) 3.802 (3.407) Change in unrealized ains/losses on marketable securities, nel of ax: Change in fair value of marketable securities Adjustment for net (gains/losses realized and included in net ncome Total change in umealized gains losses on marketable Securities (782) 25 1 (64) 0.827 (3,406) (846) other comprehensive income (loss) Bomprehensive income 2.781 58.037 s (3.026) 56.5055 5 (784) 47,587 See accompanying Notes to Consolidated Financial Statements. Marthe More Accounts movable, et Inventories Vendor non teadle rechte Other oument assets Toll aumentar el 01213 2.BPB 100 2,878 12362 182,819 24,913 03 2.188 1908 2,809 Marketable touriles Property, plant and exuipment, net Other Anum stets To non current assets Tot assets 106,34 37,378 32,978 175.897 238,618 170,799 41,304 22083 234388 366.726 3 UABUMES AND SHAREHOLDERS' EQUITY: liabiles Accounts payable Othe current Isbilities Deleted revenue Commercis paper Te debt Tots current abilities 48,236 3 37.720 5,522 5.980 10.260 105.718 66.888 33.327 5.988 11.964 8.784 115,929 Current Esblises Tem debt Other non-current abilities Tots non-current abilities Total liabilities 91,807 60,503 142.310 248,028 90.735 48,914 142,849 258,678 amitments and contingencies hoidery equity Common stock and additional paid-in capital, $0.00001 par value: 12,800,000 shares authorized. 4.443.236 and 4.754.986 shares issued and outstanding, respectively Accumulated other comprehensive income foss) Total shareholders equity Total liabilities and shareholders equity 45,174 45,898 (584) 90.486 338,516 3 40,201 70,400 3,454) 07147 38,26 See accompanying Notes to Consolidated Financial Statements. Appleine CONSOLIDATED STATEMENTS OF SHARPHOLDER' UITY (in Million, wompper share armounta) Total shareholders equity, beginning balances September 28, Hepim20 haber 2019 2013 2017 3 107,1473 1340473 129 249 40,201 781 36.867 Peg Common stock and additional paid in capital: Beginning balances Common stock issued Common stock withheld related lo net share settlement of equity awards Share based compensation Tax benefit from equity awards, including transfer pricing adjustments Ending balances 31,261 566 (2,002) e. 104 (1.778) 5.43 (1.488) 4,000 45.174 40.201 620 36,887 Retained eamings Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity awards Common stock repurchased Cumulative effects of changes in accounting principles Ending balances 70,400 55,256 (14,129) 98.330 59.531 (13.735) 98.384 48,361 (12.803) (1,029) (67,101) 2,501 45.898 (581) (33,001) (948) (73,056) 278 70,400 98.330 Accumulated other comprehensive income/(loss): Beginning balances Other comprehensive income/loss) Cumulative effects of changes in accounting principles Ending balances (3.454) 2.781 834 (784) (150) (3.026) (278) (3.454) 89 (584) (150) Total areholders equity, ending balances $ 90,488 $ 107,147 $ 134.047 Dividends and dividend equivalents declared per share or BSU $ 3.00 $ 2.72 5 2.40 See accompanying Notes to Consolidated Financial Statements. 4 , TY MA PS DO 17 JENN-CHE , HT 09.11 5 118711 E 12 : I 05 27 100 5 50 1 , 11 11 1041 11 5 a Page view | "" CONSOLIDATED STATENSCONTOU 2011 14 18: 15.20 50 101 3 5 52 CONSOLIDATED STATEMENTE OP COMMENTIVE COME (In mema) Yad Simplumb 2010 Humour September 2013 2017 39313 ARE dhe comprehensive incomalos: Dagens ben curreno translation metal tax 1408) Change in unrealized gainstossa on derivalve instrumenta, ret of war Gange in the value of durvatre melletites reakzed and included in net 1.315 21 1141 Tot changu nilized quisies on derivative , 905 3802 3,407) ne in urimelized cursus on marketabis securities, net of tax Change in vita af markrabsie sicuri Adjustment for me una realized and included in net mom Tauchungu und gune on marketable 2 1 SAM 3.400 21 50,3 3,028 0.50 $ 3 Bu gurring Fichas to concluded Finance Bluesuntik, DOMACUDARONUNCIO D. |||||||||||| C. WS 2011 MINIMUM SUU JO 22 14 GURKOL , Arupurty, plant and equipment net , 18 1 : UABILITIES AND SHAREHOLDERS EQUITY: 4 4 SI 11 -- RISI STE 15 4 , 4514 20 Techn4 , CONSOLATO STATEMENTS OF MOLDWW LUTY HANK, In www , F1 1 TOT Comen staat id li to ne han sulanunt of equily ,, 27 , 167 1011 Curricanoting principe Ending back 150 (3.454 2151 26 34 TE 10 di dunia had per share of RBU. feming how to Canada C1r.bbc 1913 1331 031 Danhamoc.abang and more on R7 10,17 .... 19 Drenampun band) 20) fourt (10) Ghing noping ndub P1020 MAQLA .. 0.720) 249) 2931 D010) 3 J18) 4.986 Vendo mondiale che aument and non-current en SLAY Dude che amunt med non curent be Canh qurmeabud by apurning active 1923) 823) 4.700) 9,17 2) H49 069 1,092 166169 724344 22 ) 471 350) nung ice, Buches af markte mante Bom Bom of market benedig momkub mocu Pintor and property plan and equipment 229 630) 40. 109 (52 488) 317275 988 H. CICE 7753 ) (121) IN 113451) 129) Dungun MUBA 11001 021 Reklam 15 (107) O IT Od nang cuba 2003 hencealer 19 121120 7693 106 22 men de Hech HD I ayseren || ! 100 E 2 05 BE 15 RECER En maa galan ho . Your parents are considering investing in Apple Inc. common stock. They ask you, as an accounting expert, to make an analysis of the company for them. Financial statements of Apple are available in Appendix A. The complete annual report, including the notes to its financial statements, is available at the company's website. Go to http://investor.apple.com. (a1) Make a 5-year trend analysis, using 2015 as the base year, of net sales and net income. (Enter amounts in millions. Round percentage answers to O decimal places, e.g. 12%.) APPLE, INC. Trend Analysis of Net Sales and Net Earnings For the Five Years Ended 2019 Base Period 2015-($ in millions) 2019 2018 2017 Net Sales 260174 265595 $ so Net Sales Trend Net Income $ 59531 48351 Net Income Trend Question 1 of 1 62.5 / 100 NI Compute for 2019 and 2018 the debt to assets ratio and times interest earned. (Round time interest eamed answers to 1 decimal eg. 15.2.) 2019 2018 Debt to Assets Ratio times Times Interest Earned Make a 5-year trend analysis, using 2015 as the base year, of net sales and net income. (Enter amounts in millions. Round percentage answers to O decimal places, eg. 12%) APPLE, INC. Trend Analysis of Net Sales and Net Earnings For the Five Years Ended 2019 Base Period 2015-($ in millions) 2018 2017 2016 2015 265595 $ 2229234 $ 215639 233715 59531 48351 $ 45687 53394 % 96 96 Compute for 2019 and 2018 the debt to assets ratio and times interest earned (Round time interesteamed answers to 1 decimal place, eg. 15.2.) 2019 2018 Debt to Assets Ratio 9 Times Interest Earned times times (c1) Compute for 2019 and 2018 the profit margin. asset turnover, return on assets, and return on common stockholders' equity. How would you evaluate Apple's profitability? Total assets at September 30, 2017. were $375.319 million and total stockholders' equity at September 30, 2017.was $134.047 million. (Round Asset turnover to 2 decimal places, eg. 15.25 and all other answers to 1 decimal place, eg 15.2%) 2019 2018 Profit Margin Asset Turnover times times Return on Assets Return on Common Stockholders' Equity pina CONSOUDALD STATES OF OPENMONS a minon, maplnumber one which are made in thousands and par mhan amounts) YO Ep 2019 S2 2017 3 Nat! Products Services Toe net soos 2018 22 3 48.291 280.174 39.748 286,505 198,834 32,700 229 234 Cast of sales: Products Servlees Total cost of sales Gross margin 144.996 18.788 181.782 98.392 148.164 15,692 163.758 101.839 128,307 14,711 141,048 88,186 Operating expenses: Research and development Selling. general and administrative Total operating expenses 16.217 18.245 14.482 14.238 16.705 30.941 11,581 16,281 28.842 Operating income Other incomelexpense), net Income before provision for income taxes Provgion for income taxes Nel income 63.930 1.807 65.737 10.481 55.256 $ 70.898 2.005 72.903 13.372 59,531 61,344 2,745 64.089 15.738 48.351 S Earnings per share $ $ 11.97 11.89 $ 12.01$ 11.91 $ Shares used in computing earnings per share: 4.617.834 4,648.913 4.955.377 5.000.109 5.217.242 5,251,692 See accompanying Notes to Consolidated Financial Statements. Appena CONSOLIDATID STATLIENTS O COMPREHENSIVE INCOME (in miliona) wamba, Bopen? Bmplem2 FO 2010 S 66,256 5 69.831 tinh er comprehensiva neomelboss): Change in foreign currency translation, net of tax 48,261 (408) (628) 224 (681) 502 1,315 Change in unrealized gainslosses on derivative instruments, net of tax Change in fair value of derivatives Adjustment br net (pains/losses realized and included in net income Total change in unrealized gains/losses on denvalive instruments 22 382 (1,477) {888) 905 (182) 3.802 (3.407) Change in unrealized ains/losses on marketable securities, nel of ax: Change in fair value of marketable securities Adjustment for net (gains/losses realized and included in net ncome Total change in umealized gains losses on marketable Securities (782) 25 1 (64) 0.827 (3,406) (846) other comprehensive income (loss) Bomprehensive income 2.781 58.037 s (3.026) 56.5055 5 (784) 47,587 See accompanying Notes to Consolidated Financial Statements. Marthe More Accounts movable, et Inventories Vendor non teadle rechte Other oument assets Toll aumentar el 01213 2.BPB 100 2,878 12362 182,819 24,913 03 2.188 1908 2,809 Marketable touriles Property, plant and exuipment, net Other Anum stets To non current assets Tot assets 106,34 37,378 32,978 175.897 238,618 170,799 41,304 22083 234388 366.726 3 UABUMES AND SHAREHOLDERS' EQUITY: liabiles Accounts payable Othe current Isbilities Deleted revenue Commercis paper Te debt Tots current abilities 48,236 3 37.720 5,522 5.980 10.260 105.718 66.888 33.327 5.988 11.964 8.784 115,929 Current Esblises Tem debt Other non-current abilities Tots non-current abilities Total liabilities 91,807 60,503 142.310 248,028 90.735 48,914 142,849 258,678 amitments and contingencies hoidery equity Common stock and additional paid-in capital, $0.00001 par value: 12,800,000 shares authorized. 4.443.236 and 4.754.986 shares issued and outstanding, respectively Accumulated other comprehensive income foss) Total shareholders equity Total liabilities and shareholders equity 45,174 45,898 (584) 90.486 338,516 3 40,201 70,400 3,454) 07147 38,26 See accompanying Notes to Consolidated Financial Statements. Appleine CONSOLIDATED STATEMENTS OF SHARPHOLDER' UITY (in Million, wompper share armounta) Total shareholders equity, beginning balances September 28, Hepim20 haber 2019 2013 2017 3 107,1473 1340473 129 249 40,201 781 36.867 Peg Common stock and additional paid in capital: Beginning balances Common stock issued Common stock withheld related lo net share settlement of equity awards Share based compensation Tax benefit from equity awards, including transfer pricing adjustments Ending balances 31,261 566 (2,002) e. 104 (1.778) 5.43 (1.488) 4,000 45.174 40.201 620 36,887 Retained eamings Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity awards Common stock repurchased Cumulative effects of changes in accounting principles Ending balances 70,400 55,256 (14,129) 98.330 59.531 (13.735) 98.384 48,361 (12.803) (1,029) (67,101) 2,501 45.898 (581) (33,001) (948) (73,056) 278 70,400 98.330 Accumulated other comprehensive income/(loss): Beginning balances Other comprehensive income/loss) Cumulative effects of changes in accounting principles Ending balances (3.454) 2.781 834 (784) (150) (3.026) (278) (3.454) 89 (584) (150) Total areholders equity, ending balances $ 90,488 $ 107,147 $ 134.047 Dividends and dividend equivalents declared per share or BSU $ 3.00 $ 2.72 5 2.40 See accompanying Notes to Consolidated Financial Statements. 4 , TY MA PS DO 17 JENN-CHE , HT 09.11 5 118711 E 12 : I 05 27 100 5 50 1 , 11 11 1041 11 5 a Page view | "" CONSOLIDATED STATENSCONTOU 2011 14 18: 15.20 50 101 3 5 52 CONSOLIDATED STATEMENTE OP COMMENTIVE COME (In mema) Yad Simplumb 2010 Humour September 2013 2017 39313 ARE dhe comprehensive incomalos: Dagens ben curreno translation metal tax 1408) Change in unrealized gainstossa on derivalve instrumenta, ret of war Gange in the value of durvatre melletites reakzed and included in net 1.315 21 1141 Tot changu nilized quisies on derivative , 905 3802 3,407) ne in urimelized cursus on marketabis securities, net of tax Change in vita af markrabsie sicuri Adjustment for me una realized and included in net mom Tauchungu und gune on marketable 2 1 SAM 3.400 21 50,3 3,028 0.50 $ 3 Bu gurring Fichas to concluded Finance Bluesuntik, DOMACUDARONUNCIO D. |||||||||||| C. WS 2011 MINIMUM SUU JO 22 14 GURKOL , Arupurty, plant and equipment net , 18 1 : UABILITIES AND SHAREHOLDERS EQUITY: 4 4 SI 11 -- RISI STE 15 4 , 4514 20 Techn4 , CONSOLATO STATEMENTS OF MOLDWW LUTY HANK, In www , F1 1 TOT Comen staat id li to ne han sulanunt of equily ,, 27 , 167 1011 Curricanoting principe Ending back 150 (3.454 2151 26 34 TE 10 di dunia had per share of RBU. feming how to Canada C1r.bbc 1913 1331 031 Danhamoc.abang and more on R7 10,17 .... 19 Drenampun band) 20) fourt (10) Ghing noping ndub P1020 MAQLA .. 0.720) 249) 2931 D010) 3 J18) 4.986 Vendo mondiale che aument and non-current en SLAY Dude che amunt med non curent be Canh qurmeabud by apurning active 1923) 823) 4.700) 9,17 2) H49 069 1,092 166169 724344 22 ) 471 350) nung ice, Buches af markte mante Bom Bom of market benedig momkub mocu Pintor and property plan and equipment 229 630) 40. 109 (52 488) 317275 988 H. CICE 7753 ) (121) IN 113451) 129) Dungun MUBA 11001 021 Reklam 15 (107) O IT Od nang cuba 2003 hencealer 19 121120 7693 106 22 men de Hech HD I ayseren || ! 100 E 2 05 BE 15 RECER En maa galan ho . Your parents are considering investing in Apple Inc. common stock. They ask you, as an accounting expert, to make an analysis of the company for them. Financial statements of Apple are available in Appendix A. The complete annual report, including the notes to its financial statements, is available at the company's website. Go to http://investor.apple.com. (a1) Make a 5-year trend analysis, using 2015 as the base year, of net sales and net income. (Enter amounts in millions. Round percentage answers to O decimal places, e.g. 12%.) APPLE, INC. Trend Analysis of Net Sales and Net Earnings For the Five Years Ended 2019 Base Period 2015-($ in millions) 2019 2018 2017 Net Sales 260174 265595 $ so Net Sales Trend Net Income $ 59531 48351 Net Income Trend Question 1 of 1 62.5 / 100 NI Compute for 2019 and 2018 the debt to assets ratio and times interest earned. (Round time interest eamed answers to 1 decimal eg. 15.2.) 2019 2018 Debt to Assets Ratio times Times Interest Earned