Analyze Apple Inc. by segmentSegment disclosure by Apple Inc. (AAPL) provides sales information for its major product lines for three recent years as follows (in millions):Segment Year 3 Year 2 Year 1 iPhone $136,700 $155,041 $101,991 iPad 20,628 23,227 30,283 Mac 22,831 25,471 24,079 Services 24,348 19,909 18,063 Other Products 11,132 10,067 8,379 Total sales $215,639 $233,715 $182,795 The Services segment includes sales from iTunes Store, App Store, Mac App Store, TV App Store, iBooks Store, Apple Music, AppleCare, and Apple Pay. The Other Products segment includes sales from Apple TV, Apple Watch, Beats products, iPod, and Apple-branded accessories. a. Prepare a vertical analysis of Year 3 sales. (Round percentages to nearest whole percent.) a. Prepare a vertical analysis of Year 3 sales. (Round percentages to nearest whole percent.)SegmentYear 3 Sales Percent of Total SalesiPhone$136,700iPad20,62822,83124,34811,132$215,639MacServicesOther Products%%%%%%Total salesWhich product had the greatest percentage of Year 3 sales? Which product had the least percentage of Year 3 sales?Greatest percentageLeast percentage b. Prepare a horizontal analysis of the change in sales from Year 1 to Year 3. (Round percentages to nearest whole percent. For those boxes in which you must entersubtractive or negative numbers use a minus sign.)Increase (Decrease)AmountSegmentiPhoneiPadMacServicesYear 3$136,700Other ProductsYear 1$101,991 $Percent20,628 30,28322,831 24,07924,348 18,06311,1328,379Total sales $215,639 $182,795Which product grew the most in sales, in percentage terms, using Year 1 as the base year?%%%%%%

1. Vertical Analysis - Common Size Statement is also known as the vertical analysis method. The…

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FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Analyze Apple Inc. by segment

Segment disclosure by Apple Inc. (AAPL) provides sales information for its major product lines for three recent years as follows (in millions):

Segment	Year 3	Year 2	Year 1
iPhone	$136,700	$155,041	$101,991
iPad	20,628	23,227	30,283
Mac	22,831	25,471	24,079
Services	24,348	19,909	18,063
Other Products	11,132	10,067	8,379
Total sales	$215,639	$233,715	$182,795

The Services segment includes sales from iTunes Store, App Store, Mac App Store, TV App Store, iBooks Store, Apple Music, AppleCare, and Apple Pay. The Other Products segment includes sales from Apple TV, Apple Watch, Beats products, iPod, and Apple-branded accessories.

a. Prepare a vertical analysis of Year 3 sales. (Round percentages to nearest whole percent.)

b. Prepare a horizontal analysis of the change in sales from Year 1 to Year 3. (Round percentages to nearest whole percent. For those boxes in which you must enter
subtractive or negative numbers use a minus sign.)
Increase (Decrease)
Amount
Segment
iPhone
iPad
Mac
Services
Year 3
$136,700
Other Products
Year 1
$101,991 $
Percent
20,628 30,283
22,831 24,079
24,348 18,063
11,132
8,379
Total sales $215,639 $182,795
Which product grew the most in sales, in percentage terms, using Year 1 as the base year?
%
%
%
%
%
%

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