Question
QUESTION 1 Apple has the following financial statement information for fiscal year 2001 (in millions): Income Statement 2001 Balance Sheet 2001 2000 Revenues $5,363 Cash
QUESTION 1
Apple has the following financial statement information for fiscal year 2001 (in millions):
Income Statement | 2001 | Balance Sheet | 2001 | 2000 |
Revenues | $5,363 | Cash and Marketable Securities | $2,310 | $1,191 |
Cost of Goods Sold | 4,026 | Inventory | 11 | 33 |
Gross Profit | 1,337 | Total Current Assets | 5,143 | 5,427 |
SG&A Exp. | 1,568 | Total Assets | 6,021 | 6,803 |
Net Income (Net Loss) | -25 | Total Current Liabilities | 1,518 | 1,933 |
Total Liabilities | 2,101 | |||
Total Equity | 3,920 | 4,107 | ||
Sales (Year 2000) | 7,983 | Cash Flow Statement | ||
Net Income (Year 2000) | 786 | Cash Flows from Operations | 185 |
Using common-size analysis, Apple's total liabilities for 2001 is:
a. | 38.7% | |
b. | 34.9% | |
c. | 39.2% | |
d. | 53.6% |
Following Question 1, Apple's operating cash flow ratio for 2001 is:
a. | 3.1% | |
b. | 3.5% | |
c. | 3.6% | |
d. | 12.2% |
Following Question 1, Apple's inventory turnover ratio for 2001 is:
a. | 366.0x | |
b. | 183.0x | |
c. | 547.4x | |
d. | 243.8x |
Following Question 1, Apple's working capital turnover ratio for 2001 is:
a. | 1.48x | |
b. | 2.32x | |
c. | 1.51x | |
d. | 1.13x |
Following Question 1, Apple's debt ratio for 2001 is:
a. | 34.9% | |
b. | 39.2% | |
c. | 53.6% | |
d. | 25.2% |
Following Question 1, Apple's gross margin for 2001 is:
a. | 75.1% | |
b. | 24.8% | |
c. | 22.2% | |
d. | 1.9% |
Following Question 1 and using common-size analysis, Apple's Gross Profit is for 2001 is:
a. | 100.0% | |
b. | 1.9% | |
c. | 24.9% | |
d. | 22.2% |
Following Question 1, Apple's current ratio for 2001 is:
a. | 244.8% | |
b. | 152.2% | |
c. | 29.5% | |
d. | 338.8% |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started