Question
Please show calculations: 2017 2018 BALANCE SHEETS: Assets: Cash74,18166,301 Accounts Receivable35,67348,995 Inventory4,8553,986 Other Current Assets13,93612,057 Fixed Assets, net33,78341,304 Investments 212,891 233,082 Total Assets375,319405,725 Liabilities and
Please show calculations:
20172018
BALANCE SHEETS:
Assets:
Cash74,18166,301
Accounts Receivable35,67348,995
Inventory4,8553,986
Other Current Assets13,93612,057
Fixed Assets, net33,78341,304
Investments212,891233,082
Total Assets375,319405,725
Liabilities and Equity:
Accounts Payable44,24255,888
Other Current Liabilities50,22655,416
Long-Term Debt103,703102,519
Other Noncurrent Liabilities43,25148,209
Common Stock35,56733,293
Retained Earnings98,330110,400
Total Liabilities and Equity375,319405,725
INCOME STATEMENT:
FY 2018
Revenue265,595
Cost of Goods Sold163,756
General and Administrative14,793
Depreciation Expense10,903
Earnings Before Interest and Taxes76,143
Interest Expense3,240
Pretax Net Income72,903
Income Taxes13,372
Net Income59,531
Assuming that all Apple's sales in fiscal 2018 were on credit, how many days, on average, did it take Apple to sell its inventory in 2018? (For balance sheet accounts, use the average of the beginning and end-of-year balances).
Assuming that all Apple's sales in fiscal 2018 were on credit, what was the company's Days Sales Outstanding in 2018? (For balance sheet accounts, use the average of the beginning and end-of-year balances).
How much did Apple pay out in dividends during fiscal 2018?
What was Apple's dividend payout ratio during fiscal 2018?
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