Summarize how well Apple Inc is collecting on its receivables based upon the type(s) of products the company sells and the industry in which it competes. Justify your speculation by using supporting facts from the income statement, balance sheet, or other resources.

Summarize how effective Apple Inc is in managing inventory based upon the type(s) of products the company sells and the industry in which it competes. Include a discussion about whether the inventory turnover ratio is increasing or decreasing, what is causing the ratio increase/decrease, and whether the total value of inventory is increasing or decreasing on the balance sheet of Apple Inc.

Summarize how well Apple Inc is utilizing its assets to generate net income. Justify your assessment with examples of other ratios and values on the income statement and balance sheet.

Make a recommendation to improve one of these assets: receivables, inventory, or property, plant, and equipment. Use information from the ratio calculations, income statement, balance sheet, or other resources to justify your recommendation and explain how accepting the recommendation will generate revenue and increase company profitability.

Loudl nal Apple Inc Financial Statements Search Design Layout References Mailings Review View Help Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 28, 2019 September 29, 2018 ASSETS: $ urrent assets Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 48,844 51.713 22.926 4.106 22.878 12,352 162,819 25,913 40,388 23,186 3,956 25 809 12.087 131 339 on-current assets Marketable securities Property, plant and equipment, net Other non current assets Total non-current assets Total assets 105,341 37 378 32 978 175 697 338,516 170799 41,304 22283 234 3.96 365,725 $ LIABILITIES AND SHAREHOLDERS' EQUITY: urrent liabilities S Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current abilities 46.236 37.720 5.522 5.980 10.260 105,718 55.888 33,327 5.966 11.964 8794 115,929 on-current liabilities: Term debt Other non-current liabilities Total non-current liabilities 91,807 50 503. 142 310 93.735 48.914 142.649 D Focus 3 0 Logan Kannes Search C Apple Inc Financial Statements waw View Help Design Layout References Mailings Review 142 310 248.028 142 649 258 578 Total non-current abilities Total liabilities ommitments and contingencies hareholders' equity Common stock and additional paid in capital $0 00001 par value: 12,600,000 shares authorized 4,443 236 and 4,754 986 shares issued and outstanding, respectively 45,174 40,201 Retained earings 45,898 Accumulated other comprehensive income foss) (584) Total shareholders' equity 90,488 $ 339,516 Total liabilities and shareholders' equity See accompanying Notes to Consolidated Financial Statements 70.400 (3.454) 107.147 365,725 $ Apple Inc. 2019 Form 10- K31 Apple Inc. 2019 Form 10 K 32 mm 10-K 39 Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions except number of shares which are reflected in thousands and par value) September 29, 2018 September 30, 2017 ASSETS: Focus E le to search O e MOI- FS FiF7F8F9 FOFU F12 2 3 4 5 6 7 8 9 10 - W / E / RT Y U10 P Logan Kannes Search - Apple Inc Financial Statements Mailings Review View Help! Draw Design Layout References September 29, 2018 September 30, 2017 ASSETS: $ urrent assets Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets 25.913 40,388 23.186 3,956 25 809 12,087 131 339 20.289 53,892 17.874 4,855 17.799 13,936 128,645 on-current assets Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets 170.799 41304 22,283 234 386 365 725 194.714 33.783 18,177 246 674 375,319 $ $ LIABILITIES AND SHAREHOLDERS' EQUITY: 5 urrent liabilities Accounts payabile Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities 55.888 32 687 7.543 11,964 8.784 116,866 44 242 30.551 7.548 11.977 6,496 100,814 on-current liabilities: Deferred revenue Term dett 2.797 93.735 2,636 97.207 D'Focus E ord: DX here to search 2 3 / 4 / 5 6 7 8 9 Logan kannes Search S = Apple Inc Financial Statements Review Mailings View Help w Layout References Design 40, 415 140.458 241,272 45.180 141.712 258,578 Other non current liabilities Total non-current liabilities Total abilities omitments and contingencies hareholders' equity Common stock and additional paid-in capital, $0 00001 par value: 12,600,000 shares authorized: 4,754 986 and 5,126,201 shares issued and outstanding, respectively 40.201 Retained earnings 70.400 Accumulated other comprehensive income loss) (3.454) Total shareholders' equity 107147 Total liabilities and shareholders' equity $ 365,725 See accompanying Notes to Consolidated Financial Statements 35,867 98.330 (150) 134.047 375,319 $ Apple Inc. 1 2018 For 10 KI Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Years ended September 25, September 29, September 30, 2019 2018 2017 ash, cash equivalents and restricted cash, beginning balances $ 25 913 5 20 289 $ 20.484 perating activities Net income 55.255 59.531 48 351 Adjustments to reconcile net income to cash generated by operating activities Depreciation and amortization 12 547 10 903 10.157 Share based compensation expense 6,068 5,340 4.8.40 Deferred income tax expenselbenefits 3401 132 5901 5.966 Other (652) (444) (166) Changes in operating assets and liabilities Accounts receivable, nel 15,322) 12.093) Inventories 12891 820 12.723) 245 Owie M 1 N search - FOFOF2 F32 2 3 | 4 | 5 6 7 8 9 0 1 - Loga Search 9 - Apple Inc Financial Statements View Help Tesign 245 (289) 2,931 873 (1.923) (625) (4.700) 69,391 (5,322) 828 (8,010) (423) 9.175 Layout References Mailings Review Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities vesting activities Purchases of marketable securities (2,093) (2.723) (4,254) (5,318) 8.966 (593) 1.092 64,225 (3) 38.449 77,434 (39,630) (71,356) (159,486) Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments for acquisition of property, plant and equipment Payments made in connection with business acquisitions, net Purchases of non-marketable securities Proceeds from non-marketable securities Other Cash generated by used in) investing activities nancing activities Proceeds from issuance of common stock Payments for taxes related to net share settlement of equity awards Payments for dividends and dividend equivalents Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term debt 40 102 56,988 (10 495) (624) (1.001) 1,634 (1 078) 45,896 55,881 47.838 (13,313) (721) (1,871) 353 (745) 16.066 31.775 94.564 (12,451) (3291 (521) 126 (46.446) 781 (2.817 (14.1199 (66.897 6,963 (8 8051 AN 669 (2,527) (13.712) (72.738) 6.969 16.500) 555 (1874) (12.769) (32.900) 28.662 3,500)