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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

FINANCIAL ACCOUNTING
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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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: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.
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
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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