Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please calculate the quick ratio, current ratio, stockholders' equity ratio, debt-to-equity ratio, operating cost ratio, operating profit margin, price-earnings ratio, and asset multiple based on

image text in transcribedimage text in transcribedimage text in transcribedPlease calculate the quick ratio, current ratio, stockholders' equity ratio, debt-to-equity ratio, operating cost ratio, operating profit margin, price-earnings ratio, and asset multiple based on Apple's financial statements.

Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares which are reflected in thousands and par value) September 26, 2020 September 28, 2019 ASSETS: $ 48,844 51,713 Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 38,016 52,927 16,120 4,061 21,325 11,264 143,713 22,926 4,106 22,878 12,352 162,819 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 100,887 36,766 42,522 180,175 323,888 105,341 37,378 32,978 175,697 338,516 $ LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities 42,296 42,684 6,643 4,996 8,773 105,392 46,236 37,720 5,522 5,980 10,260 105,718 Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities 98,667 54,490 153,157 258,549 91,807 50,503 142,310 248,028 Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity 50,779 14,966 (406) 65,339 323,888 45,174 45,898 (584) 90,488 338,516 Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares which are reflected in thousands and par value) September 26, 2020 September 28, 2019 ASSETS: $ 48,844 51,713 Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 38,016 52,927 16,120 4,061 21,325 11,264 143,713 22,926 4,106 22,878 12,352 162,819 Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 100,887 36,766 42,522 180,175 323,888 105,341 37,378 32,978 175,697 338,516 $ LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities 42,296 42,684 6,643 4,996 8,773 105,392 46,236 37,720 5,522 5,980 10,260 105,718 Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities 98,667 54,490 153,157 258,549 91,807 50,503 142,310 248,028 Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity 50,779 14,966 (406) 65,339 323,888 45,174 45,898 (584) 90,488 338,516 (625) Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions) Twelve Months Ended September 26, September 28, 2020 2019 Cash, cash equivalents and restricted cash, beginning balances $ 50,224 25,913 Operating activities: Net income 57,411 55,256 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization 11,056 12,547 Share-based compensation expense 6,829 6,068 Deferred income tax benefit (215) (340) Other (97) (652) Changes in operating assets and liabilities: Accounts receivable, net 6,917 245 Inventories (127) (289) Vendor non-trade receivables 1,553 2,931 Other current and non-current assets (9,588) 873 Accounts payable (4,062) (1,923) Deferred revenue 2,081 Other current and non-current liabilities 8,916 (4,700) Cash generated by operating activities 80,674 69,391 Investing activities: Purchases of marketable securities (114,938) (39,630) Proceeds from maturities of marketable securities 69,918 40,102 Proceeds from sales of marketable securities 50,473 56,988 Payments for acquisition of property, plant and equipment (7,309) (10,495) Payments made in connection with business acquisitions, net (1,524) (624) Purchases of non-marketable securities (210) (1,001) Proceeds from non-marketable securities 92 1,634 Other (791) (1,078) Cash generated by/(used in) investing activities (4,289) 45,896 Financing activities: Proceeds from issuance of common stock 880 781 Payments for taxes related to net share settlement of equity awards (3,634) (2,817) Payments for dividends and dividend equivalents (14,081) (14,119) Repurchases of common stock (72,358) (66,897) Proceeds from issuance of term debt, net 16,091 6,963 Repayments of term debt (12,629) (8,805) Repayments of commercial paper, net (963) (5,977) Other (105) Cash used in financing activities (86,820) (90,976) Increase/(Decrease) in cash, cash equivalents and restricted cash 24,311 Cash, cash equivalents and restricted cash, ending balances $ 39,789 $ 50,224 Supplemental cash flow disclosure: Cash paid for income taxes, net $ 9,501 $ 15,263 Cash paid for interest $ 3,002 $ 3,423 (126) (10,435)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

19th Edition

0538869720, 978-0538869720

More Books

Students also viewed these Accounting questions