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what was the companys gross profit rate in 2013, 2014, and 2015? What was the company's gross profit rate in 2013,2014, and 2015? (Round answers
what was the companys gross profit rate in 2013, 2014, and 2015?
What was the company's gross profit rate in 2013,2014, and 2015? (Round answers to 1 decimal place, e.3. 15.2\%) Specimen Financial Statements: Apple Inc. Once each year, a corporation commun cates to its stockholders and other interested parties by issuing a complete set of audited financial statements. The annual report. as this communication is colled, summarizes the financial results of the company's operations for the year and its plans for the future Many annual reports are attractive. mulscolored, glossy public relations pieces, containing pictures of corporate officers and directors as wetl as pholos and descriptions of new products and new buildings. Yet the basic function of every annual report is to report financial information, almost all of which is a product of the corporation's accounting system The content and organization of corporate unnual reports have bocome fairly standardizod. Excluding the public relations part of the report (pictures, products, etc), the folowing are the traditional financial portions of the annuel report: - Finanosel Highlights - Loter to the stockholders - Managementis Discussion and Analysis - Financial Statements - Notes to the Financial Statements - Management's Aesponsblity for Financal Reporting - Management's Report on internal Control ever Finanolas Reporting - Aeport of independent Plegisterod Public Accounting Firm - Selected Financial Data The official SEC filing of the annual report is calied a Form 10-K, which otten omits the public retations pleces found in most standard annual reports On the following pages, we present Apple inc.s financial statements taken from the companys 2015 Form 10.K. The complete Form 10.K, including notes to the financial statements, is avalable at the company's website. CONBOLIDATED BTATEMENTS OF OPERATIONB (in millons, wcopt number of shares which are reflected n thousands and per share arnounts) Years ended Shares used in computing eamings per share: Basio 5,753,4215,793,0696,085,5726,122,6636,477,3206,521,634 See accompanying Notes to Consolldated Financial Statements. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) See accompanying Notes to Consoldated Financial Statements. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which art reflected in thousands and par value) Goodwil Acquired intang ble assots, net Othor assets Total assets LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable Accrued expenses Deforted revenue Commercial paper Cument portion of long-term dabt Total current liabiutios Doferred reverue, non-current Long-term debt Other non-current llablites Total liabeitios \begin{tabular}{rrr} 35,490 & $ & 30,196 \\ 25,181 & & 18,453 \\ 8,040 & & 8,491 \\ 8,499 & & 6,308 \\ 2,500 & & 0 \\ 20,610 & & 63,448 \\ \hline 3,624 & & 3,031 \\ \hline 53,463 & & 28,987 \\ \hline 33,427 & & 24,826 \\ \hline 171,124 & 120,292 \\ \hline \end{tabular} Commitments and contingoncios Shareholdors' equity: Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,578,763 and 5,866,161 shares lissued and outstanding, respectivoly Fotaincdearnings Accumulated other comproheneive income Total shareholden' equity \begin{tabular}{rr} 27,416 & 23,313 \\ 92,284 & 87,152 \\ (345) & 1,082 \\ \hline 119,355 & 111,547 \\ \hline \end{tabular} See accompanying Notes to Consolidated Financial Statements. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (in milions, except number of sheres which are reflected in thousands) Soe accompanyng Notes to Consolldated Financial Statements. CONSOLIDATED STATEMENTS OF CASH FLOWS (In milions) Yoars ended Cash and cash equivalents, beginning of the yoar Operating actwites: Net income Adjustments to reconcle net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Deferred income tax expense Changes in operating assets and labilites: Accounts rocolvable, not Inventories Vendor non-trado recolvables Other current and non-current astiote Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities Investing actwities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments made in connection with business acquisitions, net Payments for acquisition of property, plant and equipment \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow{2}{*}{\multicolumn{2}{|c|}{Septomber26,2015}} & \multicolumn{2}{|c|}{ Yoars ended } & \\ \hline & & \multicolumn{2}{|c|}{September272014} & \multicolumn{2}{|c|}{Septomber28,2013} \\ \hline \multirow[t]{9}{*}{$} & 13,844 & $ & 14,259 & $ & 10,746 \\ \hline & 53,394 & & 39,510 & & 37,037 \\ \hline & 11,257 & & 7,946 & & 6,757 \\ \hline & 3,586 & & 2,863 & & 2.253 \\ \hline & 1,382 & & 2,347 & & 1,141 \\ \hline & 611 & & (4,232) & & (2,172) \\ \hline & (238) & & (76) & & (973) \\ \hline & (3,735) & & (2,220) & & 223 \\ \hline & (179) & & 167 & & 1,080 \\ \hline \multirow[t]{9}{*}{} & 5,400 & & 5,938 & & 2,340 \\ \hline & 1,042 & & 1,460 & & 1,450 \\ \hline & 8,746 & & 6,010 & & 4,521 \\ \hline & 81,266 & & 59.713 & & 53,666 \\ \hline & (166,402) & & (217,128) & & (148,489) \\ \hline & 14,538 & & 18,810 & & 20,317 \\ \hline & 107,447 & & 189,301 & & 104,130 \\ \hline & (343) & & (3,765) & & (496) \\ \hline & (11,247) & & (9,571) & & (8,165) \\ \hline \end{tabular} See acmemnanvina Notes to Consolldated Financlal Statoments Step by Step Solution
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