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those are all the information given an needed to fill in the blank of this table. September 28 2019 Years ended September 29, 2018 September
those are all the information given an needed to fill in the blank of this table.
September 28 2019 Years ended September 29, 2018 September 30, 2017 196,534 Net sales: Products Services Total net sales 213,883 $ 46,291 260,174 225,847 39,748 265,595 32,700 229,234 Cost of sales: Products Services Total cost of sales Gross margin 144.996 16,786 161,782 98,392 148.164 15,592 163.756 101,839 126,337 14,711 141,048 88,186 Operating expenses Research and development Selling, general and administrative Total operating expenses 16,217 18,245 34,462 14,236 16,705 30,941 11,581 15,261 26,842 Operating income Other income (expense), net Income before provision for income taxes Provision for income taxes Net income 63,930 1,807 65,737 10,481 55,256 70,898 2,005 72,903 13,372 59,531 61,344 2,745 64,089 15,738 48,351 $ $ $ Earnings per share: Basic Diluted 1201 11.97 11.89 $ $ $ $ 9.27 9.21 11.91 Shares used in computing earings per share: Basic Diluted 4,617,834 4,648,913 4,955,377 5,000.109 5.217.242 5,251,692 See accompanying Notes to Consolidated Financial Statements Apple Inc. 2019 Form 10-K 120 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 28 September 29, September 30, 2019 2018 2017 $ 55,256 $ 59,531 $ 48,351 Net income Other comprehensive incomelloss): Change in foreign currency translation, net of tax (408) (525) 224 523 Change in unrealized gains/losses on derivative Instruments, net of tax: Change in fair value of derivatives Adjustment for net (gains ylosses realized and included in net income Total change in unrealized gains/osses on derivative instruments (661) 23 1,315 (1,477) 382 (638) 905 (162) Change in unrealized gains/losses on marketable securities, net of tax: Change in fair value of marketable securities Adjustment for net (gains Ylosses realized and included in net income Total change in unrealized gains/losses on marketable securities 3,802 25 (3,407) 1 (782) (64) 3,827 (3,406) (846) Total other comprehensive income (loss) Total comprehensive income 2,781 58,037 (3,026) 56,505 $ $ (784) 47.567 $ See accompanying Notes to Consolidated Financial Statements Apple Inc. 2019 Form 10-K 130 Answer Question 1. What was the date (month and day) of Apple's year end in 2019? 2. What was Apple's cash inflow from operating activities in 2019? 3. What was Apple's net income in 2019? 4. What was Apple's largest asset by dollar amount in 2019? 5. Did Apple have a net cash inflow or a net cash outflow from financing activities in 20192 6. How many shares of common stock did Apple have outstanding in 2019? 7. What was Apple's current ratio for 2019? (Calculate) 8. Did Apple have more product revenue or service revenue in 2019? 9. The numbers on Apple's financial statements are presented in what terms? Ones, hundreds, thousands, millions, or billions of U.S. Dollars? 10. In which year 2018 or 2019) did Apple do better financially? Why did you pick that year? Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) September 28, 2019 Years ended September 29, 2018 September 30, 2017 Net sales: Products Services Total net sales $ $ 213,883 $ 46,291 260,174 225 847 39,748 265,595 196,534 32.700 229,234 Cost of sales Products Services Total cost of sales Gross margin 144.996 16.786 161,782 98.392 148.164 15.592 163.756 101.839 126,337 14,711 141,048 88,186 Operating expenses: Research and development Selling general and administrative Total operating expenses 16,217 18,245 34.462 14.236 16,706 30.041 11,581 15,261 26.842 Operating income Other income (expense), net Income before provision for income taxes Provision for income taxes Net Income 63,930 1,807 65.737 10,481 55,256 70.898 2,005 72.903 13,372 59,531 61,344 2,745 64.089 15.738 48,351 Earnings per share: Basic Diluted 11.97 $ 11.89 $ $ 12.01 $ 11.91 $ 9.27 9.21 Shares used in computing earnings per share: Basic Diluted 4.617,834 4,955.377 5.217.242 September 28 2019 Years ended September 29, 2018 September 30, 2017 196,534 Net sales: Products Services Total net sales 213,883 $ 46,291 260,174 225,847 39,748 265,595 32,700 229,234 Cost of sales: Products Services Total cost of sales Gross margin 144.996 16,786 161,782 98,392 148.164 15,592 163.756 101,839 126,337 14,711 141,048 88,186 Operating expenses Research and development Selling, general and administrative Total operating expenses 16,217 18,245 34,462 14,236 16,705 30,941 11,581 15,261 26,842 Operating income Other income (expense), net Income before provision for income taxes Provision for income taxes Net income 63,930 1,807 65,737 10,481 55,256 70,898 2,005 72,903 13,372 59,531 61,344 2,745 64,089 15,738 48,351 $ $ $ Earnings per share: Basic Diluted 1201 11.97 11.89 $ $ $ $ 9.27 9.21 11.91 Shares used in computing earings per share: Basic Diluted 4,617,834 4,648,913 4,955,377 5,000.109 5.217.242 5,251,692 See accompanying Notes to Consolidated Financial Statements Apple Inc. 2019 Form 10-K 120 Apple Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Years ended September 28 September 29, September 30, 2019 2018 2017 $ 55,256 $ 59,531 $ 48,351 Net income Other comprehensive incomelloss): Change in foreign currency translation, net of tax (408) (525) 224 523 Change in unrealized gains/losses on derivative Instruments, net of tax: Change in fair value of derivatives Adjustment for net (gains ylosses realized and included in net income Total change in unrealized gains/osses on derivative instruments (661) 23 1,315 (1,477) 382 (638) 905 (162) Change in unrealized gains/losses on marketable securities, net of tax: Change in fair value of marketable securities Adjustment for net (gains Ylosses realized and included in net income Total change in unrealized gains/losses on marketable securities 3,802 25 (3,407) 1 (782) (64) 3,827 (3,406) (846) Total other comprehensive income (loss) Total comprehensive income 2,781 58,037 (3,026) 56,505 $ $ (784) 47.567 $ See accompanying Notes to Consolidated Financial Statements Apple Inc. 2019 Form 10-K 130 Answer Question 1. What was the date (month and day) of Apple's year end in 2019? 2. What was Apple's cash inflow from operating activities in 2019? 3. What was Apple's net income in 2019? 4. What was Apple's largest asset by dollar amount in 2019? 5. Did Apple have a net cash inflow or a net cash outflow from financing activities in 20192 6. How many shares of common stock did Apple have outstanding in 2019? 7. What was Apple's current ratio for 2019? (Calculate) 8. Did Apple have more product revenue or service revenue in 2019? 9. The numbers on Apple's financial statements are presented in what terms? Ones, hundreds, thousands, millions, or billions of U.S. Dollars? 10. In which year 2018 or 2019) did Apple do better financially? Why did you pick that year? Apple Inc. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) September 28, 2019 Years ended September 29, 2018 September 30, 2017 Net sales: Products Services Total net sales $ $ 213,883 $ 46,291 260,174 225 847 39,748 265,595 196,534 32.700 229,234 Cost of sales Products Services Total cost of sales Gross margin 144.996 16.786 161,782 98.392 148.164 15.592 163.756 101.839 126,337 14,711 141,048 88,186 Operating expenses: Research and development Selling general and administrative Total operating expenses 16,217 18,245 34.462 14.236 16,706 30.041 11,581 15,261 26.842 Operating income Other income (expense), net Income before provision for income taxes Provision for income taxes Net Income 63,930 1,807 65.737 10,481 55,256 70.898 2,005 72.903 13,372 59,531 61,344 2,745 64.089 15.738 48,351 Earnings per share: Basic Diluted 11.97 $ 11.89 $ $ 12.01 $ 11.91 $ 9.27 9.21 Shares used in computing earnings per share: Basic Diluted 4.617,834 4,955.377 5.217.242 Step by Step Solution
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