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):SegmentYear 3Year 2Year 1iPhone$137,781$142,381$164,888Mac28,62225,74025,198iPad23,72421,28018,380Wearables, Home Accessories30,62024,48217,381Services53,76846,29139,748Total$274,515$260,174$265,595The Wearables, Home Accessories segment includes Airpods, Apple Watch, and Apple TV. The Services segment includes sales from iTunes Store, App Store, Mac App Store, TV App Store, iBooks Store, Apple Music, AppleCare, and Apple Pay.Question Content Areaa. Prepare a vertical analysis of Year 3 sales. (Round percentages to nearest whole percent.)SegmentYear 3SalesPercent ofTotal SalesiPhone$137,781fill in the blankMac28,622fill in the blank iPad23,724fill in the blank Wearables, Home Accessories30,620fill in the blank Services53,768fill in the blank Total sales$274,515fill in the blank Which product had the greatest percentage of Year 3 sales? Which product had the least percentage of Year 3 sales?Greatest percentage Least percentage Question Content Areab. 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.)SegmentYear 3Year 1Increase(Decrease)AmountIncrease(Decrease)PercentiPhone$137,781$164,888fill in the blankfill in the blank Mac28,62225,198fill in the blank fill in the blank iPad23,72418,380fill in the blank fill in the blank Wearables, Home Accessories30,62017,381fill in the blank fill in the blank Services53,76839,748fill in the blank fill in the blank Total sales$274,515$265,595$fill in the blank fill in the blank Which product grew the most in sales, in percentage terms, using Year 1 as the base year?

horizontal analysis is used to represents changes over a periods horizontally while, vertical…

Answered: nalyze Apple Inc. by segment Segment…

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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Segment	Year 3	Year 2	Year 1
iPhone	$137,781	$142,381	$164,888
Mac	28,622	25,740	25,198
iPad	23,724	21,280	18,380
Wearables, Home Accessories	30,620	24,482	17,381
Services	53,768	46,291	39,748
Total	$274,515	$260,174	$265,595

Question Content Area

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

Segment	Year 3 Sales	Percent of Total Sales
iPhone	$137,781	fill in the blank
Mac	28,622	fill in the blank
iPad	23,724	fill in the blank
Wearables, Home Accessories	30,620	fill in the blank
Services	53,768	fill in the blank
Total sales	$274,515	fill in the blank

Which product had the greatest percentage of Year 3 sales? Which product had the least percentage of Year 3 sales?
Greatest percentage

Least percentage

Question Content Area

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.)

Segment	Year 3	Year 1	Increase (Decrease) Amount	Increase (Decrease) Percent
iPhone	$137,781	$164,888	fill in the blank	fill in the blank
Mac	28,622	25,198	fill in the blank	fill in the blank
iPad	23,724	18,380	fill in the blank	fill in the blank
Wearables, Home Accessories	30,620	17,381	fill in the blank	fill in the blank
Services	53,768	39,748	fill in the blank	fill in the blank
Total sales	$274,515	$265,595	$fill in the blank	fill in the blank

Which product grew the most in sales, in percentage terms, using Year 1 as the base year?

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