Other Liabilities Deferred Long term Liability Charges Total Liabilities Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity Total Stockholder Equity Total Liabilities and Stockholders' Equity 20,208,000 2,625,000 $83,451,000 19,764,000 140,256,000 16,664,000 2,648,000 $57,854,000 16,422,000 101,289,000 (471,000) $123,579,000 | $118,210,000 S207,000,000 S176,064,000 499,000 INCOME STATEMENT Period Ending Total Revenue Cost of Revenue Gross Profit Research Development Selling General and Administrative Operating Income or Loss Total Other Income/Expense Net Earnings Before Interest and Taxes Interest Expense Income Before Tax Income Tax Expense Net Income from Continuing Ops Net Income Preferred Stok and Other Adjustments Sep 28, 2013 Sep 29, 2012 $170,910,000 106,606,000 S64,304,000 4,475,000 10,830,000 $48,999,000 1,156,000 50,155,000 $156,508,000 87,846,000 S68,662,000 3,381,000 10,040,000 S55,241,000 522,000 55,763,000 50,155,000 13,118,000 37,037,000 S37,037,000 55,763,000 14,030,000 14,030,000 $41,733,000 Net Income Applicable to Common Shares $37,037,000 $41,733.000
Other Liabilities Deferred Long term Liability Charges Total Liabilities Common Stock Retained Earnings Treasury Stock Capital Surplus Other Stockholder Equity Total Stockholder Equity Total Liabilities and Stockholders' Equity 20,208,000 2,625,000 $83,451,000 19,764,000 140,256,000 16,664,000 2,648,000 $57,854,000 16,422,000 101,289,000 (471,000) $123,579,000 | $118,210,000 S207,000,000 S176,064,000 499,000 INCOME STATEMENT Period Ending Total Revenue Cost of Revenue Gross Profit Research Development Selling General and Administrative Operating Income or Loss Total Other Income/Expense Net Earnings Before Interest and Taxes Interest Expense Income Before Tax Income Tax Expense Net Income from Continuing Ops Net Income Preferred Stok and Other Adjustments Sep 28, 2013 Sep 29, 2012 $170,910,000 106,606,000 S64,304,000 4,475,000 10,830,000 $48,999,000 1,156,000 50,155,000 $156,508,000 87,846,000 S68,662,000 3,381,000 10,040,000 S55,241,000 522,000 55,763,000 50,155,000 13,118,000 37,037,000 S37,037,000 55,763,000 14,030,000 14,030,000 $41,733,000 Net Income Applicable to Common Shares $37,037,000 $41,733.000
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
Section: Chapter Questions
Problem 7FPE
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Concept explainers
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
Topic Video
Question
Project Management and
Transcribed Image Text:Other Liabilities
Deferred Long term Liability Charges
Total Liabilities
Common Stock
Retained Earnings
Treasury Stock
Capital Surplus
Other Stockholder Equity
Total Stockholder Equity
Total Liabilities and Stockholders' Equity
20,208,000
16,664,000
2,625,000
$83,451,000
19,764,000
140,256,000
2,648,000
$57,854,000
16,422,000
101,289,000
(471,000)
$123,579,000
$207,000,000 $176,064,000
499,000
$118,210,000
INCOME STATEMENT
Sep 29, 2012
$156,508,000
87,846,000
$68,662,000
3,381,000
10,040,000
Period Ending
Sep 28, 2013
S170,910,000
106,606,000
$64,304,000
4,475,000
10,830,000
$48,999,000
1,156,000
50,155,000
Total Revenue
Cost of Revenue
Gross Profit
Research Development
Selling General and Administrative
Operating Income or Loss
Total Other Income/Expense Net
Earnings Before Interest and Taxes
Interest Expense
Income Before Tax
Income Tax Expense
Net Income from Continuing Ops
$55,241,000
522,000
55,763,000
55,763,000
14,030,000
14,030,000
$41,733,000
50,155,000
13,118,000
37,037,000
$37,037,000
Net Income
Preferred Stok and Other Adjustments
Net Income Applicable to Common Shares
$37,037,000
$41,733,000
2.
Transcribed Image Text:Q01. Financial statements for Apple Computer Corporation are shown in below. The closing stock price
for Apple was $68.11 on September 30, 2013. The average number of outstanding shares was 6.03
billion. On the basis of the financial data presented, compute the various financial ratios and make an
informed analysis of Apple's financial health. (Earning per share = Net income/Average number of
outstanding shares)
a. Debt ratio
b. Times-interest-earned ratio
c. Current ratio
d. Quick (acid-test) ratio
e. Inventory-turnover ratio
f. Day's-sales-outstanding
g. Total-assets-turnover ratio
h. Profit margin on sales
i. Return on total assets
j. Return on common equity
k. Price/earnings ratio
1. Book value per share
BALANCE SHEET STATEMENT
Sep 29, 2012
S 10,746,000
18,383,000
21,275,000
791,000
Period Ending
Cash and Cash Equivalences
Short Term Investments
New Receivables
Inventory
Other Current Assets
Total Current Assets
Long Term Investments
Property Plant and Equipment
Goodwill
Intangible Assets
Other Assets
Total Assets
Sep 28, 2013
$ 14,259,000
26,287,000
24,094,000
1,764,000
6,882,000
$73,286,000
106,215,000
16,597,000
1,577,000
4,179,000
6,458,000
$57,653,000
92,122,000
15,452,000
1,135,000
4,224,000
5,146,000
5,478,000
S207,000,000 $176,064,000
36,223,000
Accounts Payable
Short/Current Long Term Debt
Other Current Liabilities
Total Current Liabilities
Long Term Debt
Other Liabilities
32,589,000
7,435,000
5,953,000
$43,658,000
16,960,000
20,208,000
38,542,000
16,664,000
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