Analyzing Financial Data: Trend Analysis.Presented below is selected financial data for Apple Inc., for the five-year period 2015 to 2019.(in millions)Net salesNet incomeDividends (per share)Total assetsNoncurrent liabilitiesTotal shareholders' equityCash, cash equivalents, and marketable securitiesRequired1. Comment on the relationship between the growth in net sales and the growth in net incomeover the period 2015 to 2019 and what that implies regarding cost expenses.Note: Round the percentages to two decimal points (i.e. show 14.445% as 14.45%).From 2015 to 2019 sales grew by: 0%From 2015 to 2019 net income grew by: 0 %Was Apple able to achieve greater efficiencies with their growth?Financial leverage2. Comment on the company's financial leverage over this period.Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45).201920182015https:2019 2018 2017 2016 2015$234,157 $239,036 $206,311 $194,075 $210,34449,730 53,578 48,351 41,118 48,0551.781.962.702.45 2.16304,664 329,153 337,787 289,517 261,311128,079 128,384 126,412 102,988 81,34281,439 96,432 120,642 115,424 107,42090,501 59,671 66,763 60,440 37,79600201702016→00 From 2015 to 2019 sales grew by: 0From 2015 to 2019 net income grew by: 0Was Apple able to achieve greater efficiencies with their growth?2. Comment on the company's financial leverage over this period.Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45).2019 >201820162015Asset turnover2019Financial leverageDuring this period, Apple's level of debt:During this period, Apple's percentage of debt relative to both assets and shareholders' equity:♦00Apple's 2019 asset turnover is%002017%3. Comment on the company's asset turnover:Note: Round the amounts to two decimal points (i.e. show 14.445 as 14.45).20182016201520170000++ compared to 2015.04. Do you believe that Apple can comfortably support paying its dividend?0

Sales revenue: It is the income generated by an organization from sale of goods or from provision of…

Answered: Analyzing Financial Data: Trend…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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