question 6

ACC 101- Financial Accounting Case 2 - Financial Statement Analysis Part 2 60 Points Name Due Date Use the information contained in these financial statements and notes to complete this case. Al answers should be for the most current year (September 30,2017) unless asked otherwise, Many companies show amounts in the thousands or millions - please state amounts as shown on the financial statements. Do not add zeros. You do not need to include dollar signs. Selected financial statements of Apple, Inc, follow Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24. 2016 September 26, September 30. s229,234 $215.639 S 233,715 Net sales Cost of sales 140,089 141,048 88.186 131,376 84,263 93,626 Gross margin Operating expenses Research and development Selling. general and administrative 11,581 15.261 28,842 10,045 14,194 24,239 8,067 14,329 22 396 Total operating expenses 60,024 1.348 64,0896170 15,685 61,344 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 2,745 1,285 61,37272.515 19,121 15,738 Earmings per share $ 9.27 $ 8.35 S $ 9.28 Basic 240 S 2.18 S 1.98 Cash dividends declared per share ACC 101- Financial Accounting Case 2 - Financial Statement Analysis Part 2 60 Points Name Due Date Use the information contained in these financial statements and notes to complete this case. Al answers should be for the most current year (September 30,2017) unless asked otherwise, Many companies show amounts in the thousands or millions - please state amounts as shown on the financial statements. Do not add zeros. You do not need to include dollar signs. Selected financial statements of Apple, Inc, follow Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24. 2016 September 26, September 30. s229,234 $215.639 S 233,715 Net sales Cost of sales 140,089 141,048 88.186 131,376 84,263 93,626 Gross margin Operating expenses Research and development Selling. general and administrative 11,581 15.261 28,842 10,045 14,194 24,239 8,067 14,329 22 396 Total operating expenses 60,024 1.348 64,0896170 15,685 61,344 Operating income Other income/(expense), net Income before provision for income taxes Provision for income taxes Net income 2,745 1,285 61,37272.515 19,121 15,738 Earmings per share $ 9.27 $ 8.35 S $ 9.28 Basic 240 S 2.18 S 1.98 Cash dividends declared per share