Apple Bonus
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Jan 9, 2024
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Group Project: Apple Inc.
Bonus Assignment
Group member(s):
This may be completed individually or as a group for bonus points.
Refer to Apple’s 2019 financial statements and answer the following questions.
1. For each year from 2015 to 2019, what are the amounts of:
a. net sales
b. net income
2015
2016
2017
2018
2019
Net Sales
$229,234
$265,595
$260,174
Net Income
$48,351
$59,531
$55,256
What trend do you see from these results? What do you foresee happening in
2020 and beyond based on these results?
The net sales and net income were
increasing until 2018 there was a decrease so in 2020, there could be another
decrease due to COVID and other issues or could increase.
2. Compute for 2019 and 2018 the:
a. debt to assets ratio
2019:
/ 338,516
2018:
/ 365,725
b. times interest earned (See Note 4 for interest expense.)
What do these ratios mean?
3. Total assets at September 30, 2017, were $375,319 million and total stockholders’
equity at
September 30, 2017, was $134,047 million. Compute for 2019 and 2018
the:
a. profit margin
b. asset turnover
c. return on assets
d. return on common stockholders’ equity
How would you evaluate Apple’s profitability?
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