Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Perform profitability analysis for the two quotas
![APPLE INC
Income statement horizontal analysis
2 quarters
1st quarter
2nd quarter
dessuobs
25,2021
December 26.2020
26,2021
27,2020
Net
sales
praducts
104429
95678
63948
46529
services
19516
15761
17486
13156
tatal net sales
123945
111439
81434
59685
Cast of sales
Products
64309
62130
40899
32693
Services
5393
4981
5280
4312
Total cost of sales
69702
67111
46179
37005
Grass margin
54243
44328
35255
22680
Operating expenses
Research and development
6306
5163
5717
4758
Selling, general and administrative
Total operating expenses
6449
5631
5412
4831
12755
10794
11129
9589
Operating income
ather income(expense), net
41488
33534
24126
13091
-247
45
243
46
income before provision for income taxes
pravision for income taxes
41241
33579
24369
13137
6611
4824
2625
1884
net income
34630
28755
21744
11253
earnings per share
Basic
2.11
1.7
1.31
0.65
Diluted
2.1
1.68
1.3
0.65](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8610fda-f1d7-400f-98ec-c5872f784fd5%2Fb1ed3d37-a0bb-4957-942f-50a9ca54b6e7%2Fe18d7r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:APPLE INC
Income statement horizontal analysis
2 quarters
1st quarter
2nd quarter
dessuobs
25,2021
December 26.2020
26,2021
27,2020
Net
sales
praducts
104429
95678
63948
46529
services
19516
15761
17486
13156
tatal net sales
123945
111439
81434
59685
Cast of sales
Products
64309
62130
40899
32693
Services
5393
4981
5280
4312
Total cost of sales
69702
67111
46179
37005
Grass margin
54243
44328
35255
22680
Operating expenses
Research and development
6306
5163
5717
4758
Selling, general and administrative
Total operating expenses
6449
5631
5412
4831
12755
10794
11129
9589
Operating income
ather income(expense), net
41488
33534
24126
13091
-247
45
243
46
income before provision for income taxes
pravision for income taxes
41241
33579
24369
13137
6611
4824
2625
1884
net income
34630
28755
21744
11253
earnings per share
Basic
2.11
1.7
1.31
0.65
Diluted
2.1
1.68
1.3
0.65
![APPLE INC
BALANCE SHEET"
DECEMBER 25TH 2021
amount in $
first quarter
Second quarter
25-Dec-21 25-Sep-21
june 26,20 26-Sep-20
ASSETS
Current assets
Cash and cash equivalents
Market securities
Accounts receivable,net
Inventories
Vendor non trade receivables
37119
34940
34050
38016
26794
27699
27646
52927
30213
26278
17475
16120
5876
6580
5178
4061
35040
25228
16433
21325
Other current assets
18112
14111
13641
11264
Total current assets
153154 134836
114423 143713
Non current assets
Marketable securities
Property,plant and equipment,net
138683 127877
131948 100887
39245
39440
38615
36766
Other non current assers
50109
48849
44854
42522
Total non current assets
228037 216166
215417 180175
Total assets
381191 351002
329840 323888
LIABILITIES AND STAKEHOLDERS EQUITY
Current liabilities
Acoounts payable
74362
54763
40409
42296
Other current liabilities
49167
47493
43625
42684
Deffered revenue
7876
7612
7681
6643
Commercial paper
5000
6000
8000
4996
Term debt
11169
9613
8039
8773
Total current liabilities
147574
125481
107754
105392
Non current liabilities
Term debt
106629
109106
105752
98667
Other non current liabilities
55056
53325
52054
54490
Total non current liabilities
161685
162431
157806
153157
Total liabilities
309259
287912
265560
258549
SHAREHOLDERS EQUITY
Common stpck
58424
57365
54989
50779
Retained earnings
14435
5562
9233
14996
Accumulated other comprehensive income
-927
163
58
-406
Total shareholdersequity
71932
63090
64280
65369
Total liabilities and shareholders equity
381191
351002
329840
323918](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8610fda-f1d7-400f-98ec-c5872f784fd5%2Fb1ed3d37-a0bb-4957-942f-50a9ca54b6e7%2F9k90m2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:APPLE INC
BALANCE SHEET"
DECEMBER 25TH 2021
amount in $
first quarter
Second quarter
25-Dec-21 25-Sep-21
june 26,20 26-Sep-20
ASSETS
Current assets
Cash and cash equivalents
Market securities
Accounts receivable,net
Inventories
Vendor non trade receivables
37119
34940
34050
38016
26794
27699
27646
52927
30213
26278
17475
16120
5876
6580
5178
4061
35040
25228
16433
21325
Other current assets
18112
14111
13641
11264
Total current assets
153154 134836
114423 143713
Non current assets
Marketable securities
Property,plant and equipment,net
138683 127877
131948 100887
39245
39440
38615
36766
Other non current assers
50109
48849
44854
42522
Total non current assets
228037 216166
215417 180175
Total assets
381191 351002
329840 323888
LIABILITIES AND STAKEHOLDERS EQUITY
Current liabilities
Acoounts payable
74362
54763
40409
42296
Other current liabilities
49167
47493
43625
42684
Deffered revenue
7876
7612
7681
6643
Commercial paper
5000
6000
8000
4996
Term debt
11169
9613
8039
8773
Total current liabilities
147574
125481
107754
105392
Non current liabilities
Term debt
106629
109106
105752
98667
Other non current liabilities
55056
53325
52054
54490
Total non current liabilities
161685
162431
157806
153157
Total liabilities
309259
287912
265560
258549
SHAREHOLDERS EQUITY
Common stpck
58424
57365
54989
50779
Retained earnings
14435
5562
9233
14996
Accumulated other comprehensive income
-927
163
58
-406
Total shareholdersequity
71932
63090
64280
65369
Total liabilities and shareholders equity
381191
351002
329840
323918
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