current ratio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Attached is the financial information for Apple Inc. Please answer questions 1 through 3 please.
1. What is Apple's
a. 1.08
b. 1.17
c. 1.29
d. 1.36
2. What is Apple's
a. 0.54
b. 0.66
c. 0.77
d. 0.83
3. What are Apple's purchases in 2021?
a. $175.19 billion
b. $167.31 billion
c. $170.09 billion
d. $215.5 billion
Transcribed Image Text:900699
8
20
21
22
Income Statement (all numbers in billions)
Sales
Cost of Goods Sold
Gross Profit
SG&A Exp.
Interest Expense
Income Before Tax
Income Tax Expense
Net Income
Cash Flow Statement (all numbers in billions)
Cash Flows from Operations
Cash Flows from Investing
Cash Flows from Financing
Number of Shares Outstanding (in billions)
Stock Price (12/31/2021)
Dividends per share for 2021
2020
274.15
170.14
104.01
38.67
2.87
67.09
9.68
57.41
2020
80.67
-4.29
-86.82
16.32
177.57
0.88
Balance Sheet (all numbers in billions)
365.82 Cash
212.98 Marketable Securities
152.84 Accounts Receivable
43.89 Inventory
2.65 Total Current Assets
109.21 Fixed Assets
14.53 Total Assets
94.68 Accounts Payable
Notes Payable
Total Current Liabilities
2021
Long-Term Debt
Total Liabilities
104.04 Retained Earnings
-14.55 Common Stock
-93.35 Total Equity
2021
2020
19.98
71
37.45
4.06
143.71
45.34
323.89
42.3
15.23
105.39
107.05
258.55
14.97
50.78
65.34
2021
26.91
35.73
51.51
6.58
134.84
49.53
351
54.76
17.14
125.48
119.38
287.91
5.56
57.37
63.09
+
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