Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Caculate the following ratios for Apple Inc.
- Current ratio
- Quick ratio
- Receivable turnover
- Average days sales uncollected
![Current assets:
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Inventories
Vendor non-trade receivables
Other current assets
Total current assets
Non-current assets:
Marketable securities
Property, plant and equipment, net
Other non-current assets
Total non-current assets
Total assets
Current liabilities:
Accounts payable
Other current liabilities
Deferred revenue
Commercial paper
Term debt
Total current liabilities
Non-current liabilities:
Term debt
Other non-current liabilities
Total non-current liabilities
Total liabilities
Commitments and contingencies
September 24,
2022
ASSETS:
Shareholders' equity:
Common stock and additional paid-in capital, $0.00001 par
value: 50,400,000 shares
Retained earnings/Accumulated deficit)
Accumulated other comprehensive income/(loss)
LIABILITIES AND SHAREHOLDERS' EQUITY:
authorized; 15,943,425 and 16,426,786 shares issued and
outstanding, respectively
Total shareholders' equity
Total liabilities and shareholders' equity
$ 23,646
24,658
28,184
4,946
32,748
21,223
135,405
120,805
42,117
54,428
217,350
$ 352,755
$ 64,115
80,845
7,912
9,982
11,128
153,982
98,950
49,142
148,101
302,083
september
25,
2021
64,849
(3,068)
(11,109)
50,672
$ 352,755
5
$
$
$
34,940
27,699
28,278
6,580
25,228
14,111
134,838
127,877
39,440
48,840
218,168
351,002
54,763
47,493
7,612
6,000
9,613
125,481
109,106
53,325
182,431
287,912
57,385
5,562
163
63,090
351,002](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9224a830-1d62-4c6a-8be8-7697d7138892%2Fa3db0012-7c7c-4ff1-9b8b-14de2397ad3d%2Fgaspbu_processed.png&w=3840&q=75)
Transcribed Image Text:Current assets:
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Inventories
Vendor non-trade receivables
Other current assets
Total current assets
Non-current assets:
Marketable securities
Property, plant and equipment, net
Other non-current assets
Total non-current assets
Total assets
Current liabilities:
Accounts payable
Other current liabilities
Deferred revenue
Commercial paper
Term debt
Total current liabilities
Non-current liabilities:
Term debt
Other non-current liabilities
Total non-current liabilities
Total liabilities
Commitments and contingencies
September 24,
2022
ASSETS:
Shareholders' equity:
Common stock and additional paid-in capital, $0.00001 par
value: 50,400,000 shares
Retained earnings/Accumulated deficit)
Accumulated other comprehensive income/(loss)
LIABILITIES AND SHAREHOLDERS' EQUITY:
authorized; 15,943,425 and 16,426,786 shares issued and
outstanding, respectively
Total shareholders' equity
Total liabilities and shareholders' equity
$ 23,646
24,658
28,184
4,946
32,748
21,223
135,405
120,805
42,117
54,428
217,350
$ 352,755
$ 64,115
80,845
7,912
9,982
11,128
153,982
98,950
49,142
148,101
302,083
september
25,
2021
64,849
(3,068)
(11,109)
50,672
$ 352,755
5
$
$
$
34,940
27,699
28,278
6,580
25,228
14,111
134,838
127,877
39,440
48,840
218,168
351,002
54,763
47,493
7,612
6,000
9,613
125,481
109,106
53,325
182,431
287,912
57,385
5,562
163
63,090
351,002
![F
Net sales:
Products
Services
Total net sales
Cost of sales:
Products
Services
Total cost of sales
Gross margin
Operating expenses:
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Other income/(expense), net
Income before provision for income
taxes
Provision for income taxes
Net income
September 24,
2022
$ 316,199
78,129
394,328
201,471
22,075
223,546
170,782
26,251
25,094
51,345
119,437
(334)
119,103
19,300
$ 99,803
September 25,
2021
$ 297,392
68,425
365,817
192,266
20,715
212,981
152,836
21,914
21,973
43,887
108,949
258
Years ended
109,207
14,527
$ 94,680
September 26,
2020
$ 220,747
53,768
274,515
$
151,286
18,273
169,559
104,956
18,752
19,916
38,668
66,288
803
67,091
9,680
57,411](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9224a830-1d62-4c6a-8be8-7697d7138892%2Fa3db0012-7c7c-4ff1-9b8b-14de2397ad3d%2Fl5wk08b_processed.png&w=3840&q=75)
Transcribed Image Text:F
Net sales:
Products
Services
Total net sales
Cost of sales:
Products
Services
Total cost of sales
Gross margin
Operating expenses:
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Other income/(expense), net
Income before provision for income
taxes
Provision for income taxes
Net income
September 24,
2022
$ 316,199
78,129
394,328
201,471
22,075
223,546
170,782
26,251
25,094
51,345
119,437
(334)
119,103
19,300
$ 99,803
September 25,
2021
$ 297,392
68,425
365,817
192,266
20,715
212,981
152,836
21,914
21,973
43,887
108,949
258
Years ended
109,207
14,527
$ 94,680
September 26,
2020
$ 220,747
53,768
274,515
$
151,286
18,273
169,559
104,956
18,752
19,916
38,668
66,288
803
67,091
9,680
57,411
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