Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

there is three tables. The following summarized data (amounts in millions) are taken from the September 30, 2017 and September 24, 2016, comparative financial statements

there is three tables. image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The following summarized data (amounts in millions) are taken from the September 30, 2017 and September 24, 2016, comparative financial statements of Apple Inc., a company that designs, manufactures, and markets mobile communication and media devices and personal computers; sells a variety of related software, services, accessories, networking solutions, and offers third-party digital content and applications: 2017 $ 229, 234 114,048 61,344 $ 48,351 2016 $215, 639 131,376 60,024 $ 45,687 (Amounts Expressed in Millions) For the Piscal Years Ended September 30 and September 24, respectively: Net sales Costs of sales Operating income Net income At Year End: Assets Current assets: Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowance of $58 and $53, respectively Inventories Vendor nontrade receivables Other current assets Total current assets Long-term marketable securities Property, plant, and equipment, net Goodwill Acquired intangible assets, net Other assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Current portion of long-term debt Total current liabilities Deferred revenue-honcurrent Long-term debt Other noncurrent liabilities Total liabilities Shareholders' Equity Common stock and additional paid in capital, $0.00001 par value, 12,600,000 shares authorized: 5, 126,201 and 5,336,166 shares issued and outstanding, zespectively Retained earnings Accumulated other comprehensive income (los) Total shareholders' equity Total liabilities and shareholders' equity $ 20,289 53,892 17,874 4,855 17,799 13,936 128, 645 194,714 33,783 5,717 2,298 10,162 $375, 319 $ 20,484 46, 671 15,754 2,132 13,545 8,283 106,869 170, 430 27,010 5, 414 3,206 8,757 $ 322,686 $ 37,294 22,027 8,080 $ 19,049 25, 744 7,548 11,977 6.496 100,814 2.836 97,207 40, 415 291,272 8, 205 3,500 79,006 2,930 75,427 36.074 193,437 35,867 98,330 (150) 134,047 5 375, 319 31,25 96,364 634 128,249 5321, 666 At September 26, 2015, total assets were $290,345 and total shareholders' equity was $119,355. Required: a. Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 30, 2017, and September 24, 2016. b. Calculate Apple's ROE for the years ended September 30, 2017, and September 24, 2016 c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016. Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 30, 2017, and September 24, 2016. (Round your ratio answers to 1 decimal place. Enter "Worlong capital in milion of dollars.) $ Working capital Current ratio Acid-test ratio 2017 27.831 $ 1.3 2016 27,863 1.4 Tint At September 26, 2015, total assets were $290,345 and total shareholders' equity was $119,355. Required: a. Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 30, 2017, and September 24, 2016 b. Calculate Apple's ROE for the years ended September 30, 2017, and September 24, 2016 c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016 rences Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate Apple's ROE for the years ended September 30, 2017, and September 24, 2016. (Round your answers to 1 decimal place.) 2017 2016 ROE At September 26, 2015, total assets were $290,345 and total shareholders' equity was $119,355. Required: a. Calculate Apple Inc.'s working capital current ratio, and acid-test ratio at September 30, 2017, and September 24, 2016. b. Calculate Apple's ROE for the years ended September 30, 2017, and September 24, 2016 c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016 Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016, (Round "Turnover" answers to 2 decimal places. Round your percentage answers to 1 decimal place.) 2017 2016 % ROI Margin Turnover % % %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing

Authors: Alan Millichamp, John Taylor

10th Edition

1408044080, 978-1408044087

More Books

Students also viewed these Accounting questions

Question

Recognize judgment traps that hinder the decision-making process.

Answered: 1 week ago