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Perform vertical analysis of the two quotas

Perform vertical analysis of the two quotas

Essentials Of Investments
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
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Perform vertical analysis of 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
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
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