Print off the most recent annual balance sheet and income statement for Apple (AAPL) and Tesla (TSLA). Use Yahoo finance (finance.yahoo.com). It is a good resource for financial statements. Type in the companys name or ticker and then click on Financials, then click on balance sheet and income statement. Make sure it is annual, not quarterly. Show your work for each ratio (the numerator and denominator). Dont just give the answer. You do not need to attach the financial statements to your work, as all of you will be using the same statements from Yahoo finance.

a. What are Apples total liabilities?

b. What are Teslas total liabilities?

c. Calculate the current ratio (CA CL) for Apple:

d. Calculate the current ratio (CA CL) for Tesla:

e. Calculate Operating Margin (EBIT Revenues) for Apple:

f. Calculate Operating Margin (EBIT Revenues) for Tesla:

g. Calculate Return on Equity (Net Income Total Equity) for Apple:

h. Calculate Return on Equity (Net Income Total Equity) for Tesla:

i. Calculate BVPS for both companies: (Total Equity # shares outstanding)*

j. Look up the current market price per share for each company on yahoo finance:

Telsa:

Valuation Measures

Market Cap (intraday) 5	48.7B
Enterprise Value 3	57.44B
Trailing P/E	N/A
Forward P/E 1	98.45
PEG Ratio (5 yr expected) 1	-1.46
Price/Sales (ttm)	3.56
Price/Book (mrq)	12.46
Enterprise Value/Revenue 3	4.20
Enterprise Value/EBITDA 6	-123.71

Financial Highlights

Fiscal Year

Fiscal Year Ends	Dec 30, 2017
Most Recent Quarter (mrq)	Jun 29, 2018

Profitability

Profit Margin	-19.89%
Operating Margin (ttm)	-16.24%

Management Effectiveness

Return on Assets (ttm)	-5.15%
Return on Equity (ttm)	-50.12%

Income Statement

Revenue (ttm)	13.68B
Revenue Per Share (ttm)	81.11
Quarterly Revenue Growth (yoy)	43.50%
Gross Profit (ttm)	2.22B
EBITDA	-464.34M
Net Income Avi to Common (ttm)	-2.72B
Diluted EPS (ttm)	-16.14
Quarterly Earnings Growth (yoy)	N/A

Balance Sheet

Total Cash (mrq)	2.24B
Total Cash Per Share (mrq)	13.11
Total Debt (mrq)	13.41B
Total Debt/Equity (mrq)	254.64
Current Ratio (mrq)	0.73
Book Value Per Share (mrq)	22.91

Cash Flow Statement

Operating Cash Flow (ttm)	-318.71M
Levered Free Cash Flow (ttm)	-2.76B

Trading Information

Stock Price History

Beta	0.78
52-Week Change 3	-27.62%
S&P500 52-Week Change 3	15.42%
52 Week High 3	389.61
52 Week Low 3	244.59
50-Day Moving Average 3	318.63
200-Day Moving Average 3	312.89

Share Statistics

Avg Vol (3 month) 3	10.34M
Avg Vol (10 day) 3	10.28M
Shares Outstanding 5	170.59M
Float	127.52M
% Held by Insiders 1	25.19%
% Held by Institutions 1	59.53%
Shares Short (Aug 14, 2018) 4	32.72M
Short Ratio (Aug 14, 2018) 4	3.04
Short % of Float (Aug 14, 2018) 4	27.88%
Short % of Shares Outstanding (Aug 14, 2018) 4	19.18%
Shares Short (prior month Jul 12, 2018) 4	34.72M

Dividends & Splits

Forward Annual Dividend Rate 4	N/A
Forward Annual Dividend Yield 4	N/A
Trailing Annual Dividend Rate 3	N/A
Trailing Annual Dividend Yield 3	N/A
5 Year Average Dividend Yield 4	N/A
Payout Ratio 4	0.00%
Dividend Date 3	N/A
Ex-Dividend Date 4	N/A
Last Split Factor (new per old) 2	N/A
Last Split Date 3	N/A

APPLE:

Currency in USD

Valuation Measures

Market Cap (intraday) 5	1.05T
Enterprise Value 3	1.11T
Trailing P/E	19.78
Forward P/E 1	16.09
PEG Ratio (5 yr expected) 1	1.46
Price/Sales (ttm)	4.13
Price/Book (mrq)	9.20
Enterprise Value/Revenue 3	4.36
Enterprise Value/EBITDA 6	14.17

Financial Highlights

Fiscal Year

Fiscal Year Ends	Sep 29, 2017
Most Recent Quarter (mrq)	Jun 29, 2018

Profitability

Profit Margin	21.98%
Operating Margin (ttm)	26.60%

Management Effectiveness

Return on Assets (ttm)	12.22%
Return on Equity (ttm)	45.37%

Income Statement

Revenue (ttm)	255.27B
Revenue Per Share (ttm)	50.63
Quarterly Revenue Growth (yoy)	17.30%
Gross Profit (ttm)	88.19B
EBITDA	78.53B
Net Income Avi to Common (ttm)	56.12B
Diluted EPS (ttm)	11.04
Quarterly Earnings Growth (yoy)	32.10%

Balance Sheet

Total Cash (mrq)	70.97B
Total Cash Per Share (mrq)	14.69
Total Debt (mrq)	114.6B
Total Debt/Equity (mrq)	99.70
Current Ratio (mrq)	1.31
Book Value Per Share (mrq)	23.74

Cash Flow Statement

Operating Cash Flow (ttm)	73.03B
Levered Free Cash Flow (ttm)	41.44B

Trading Information

Stock Price History

Beta	1.26
52-Week Change 3	37.57%
S&P500 52-Week Change 3	15.03%
52 Week High 3	229.67
52 Week Low 3	149.16
50-Day Moving Average 3	210.56
200-Day Moving Average 3	188.45

Share Statistics

Avg Vol (3 month) 3	25.83M
Avg Vol (10 day) 3	34.38M
Shares Outstanding 5	4.83B
Float	4.57B
% Held by Insiders 1	0.07%
% Held by Institutions 1	61.33%
Shares Short (Aug 14, 2018) 4	42.16M
Short Ratio (Aug 14, 2018) 4	1.61
Short % of Float (Aug 14, 2018) 4	0.83%
Short % of Shares Outstanding (Aug 14, 2018) 4	0.87%
Shares Short (prior month Jul 12, 2018) 4	42.85M

Dividends & Splits

Forward Annual Dividend Rate 4	2.92
Forward Annual Dividend Yield 4	1.31%
Trailing Annual Dividend Rate 3	2.62
Trailing Annual Dividend Yield 3	1.18%
5 Year Average Dividend Yield 4	1.77
Payout Ratio 4	23.69%
Dividend Date 3	Aug 15, 2018
Ex-Dividend Date 4	Aug 9, 2018
Last Split Factor (new per old) 2	7/1
Last Split Date 3	Jun 8, 2014