The photo given below is the horizontal analysis of Apple Inc balance sheet for two quotas. Discuss the analysis IGIHIJIKILIMIN1First quarterSecond quarter25-Dec-21 25-Sep-21June 26,2026-Sep-2023ASSETS%inc or %dec4 Current Assets5 Cash and cash equivalents6 Market securities%inc or %dec349403405027646371196.24%3801611.65%2679427699-3.27%5292791.45%7Accounts receivable,net302132627814.97%1747516120-7.75%8 Inventories5876350406580-10.70%51784061-21.57%Vendor non trade receivables2522838.89%164332132529.77%10 Other current assets181121411128.35%1364111264-17.43%11Total current assets15315413483613.59%11442314371325.60%1213 Non current assets14 Marketable securities1386831278778.45%131948100887-23.54%15 Property, plant and equipment,net3924539440-0.49%3861536766-4.79%16 Other non current asset50109488492.58%4485442522-5.20%17 Total non current assets2280372161665.49%215417180175-16.36%18Total assets3811913510028.60%329840323888-1.80%1920LIABILITIES AND STAKEHOLDERS EQUITY21 Current liabilities22 Accounts payable5476340409436257436235.79%422964.67%23 Other current liabilities49167474933.52%42684-2.16%24 Deffered revenue787676123.47%76816643-13.51%25 Commercial paper50006000-16.67%80004996-37.55%26 Term Debt11169961316.19%803987739.13%27 Total current liabilities14757412548117.61%107754105392-2.19%2829 Non current liabilities30 Term debt1066295505610575252054109106-2.27%98667-6.70%31 Other non current liabilities533253.25%544904.68%32 Total non current liabilities33 Total liabilities161685162431-0.46%157806153157-2.95%3092592879127.41%265560258549-2.64%3435SHAREHOLDERS EQUITY5842454989923336 Common Stock572652.02%50779-7.66%37 Retained earnings38 Accumulated other comprehensive income39 Total shareholderequity40 Total liabilities and shareholders equity144355562159.53%1499662.42%-927163-668.71%58-406-800.00%63090351002642803298407193214.01%653691.69%3811918.60%323918-1.80%

Horizontal analysis is one of the financial statements analysis tool, under which increase or…

Answered: The photo given below is the horizontal…

Business

Accounting

The photo given below is the horizontal analysis of Apple Inc balance sheet for two quotas. Discuss the analysis

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please analyze, assess, and synthesize the Annual Report or Form 10-K or Form 20 - F (whatever they call it in that jurisdiction) of the company you choose. You can usually find it on the Company's website in Investor R. Introduction 2. Industry situation and company plans A. Management Letter B. B. Review Company's Products and Services 3. Financial Statements A. Income Statement B. Cash Flow Statement C. Balance Sheet D. Accounting Policies 4. Financial Analysis & Ratio A. Financial Analysis B. Ratio C. Market Indicator Financial Ratios 5. References 6. Complete Calcuation of Part 4 in excelLimi
The following account balances were determined for sporting pens company as of December 31, 2021. Prepare an income statement, a statement of owners equity and a balance sheet for supporting pens company as of December 31, 2021.
The photo is a vertical analysis of Apple Inc balance sheet. discuss the analysis
Identify how each of the following transactions affects the company's financial statements. For the balance sheet, Identify how each transaction affects total assets, total llabilities, and equity. For the Income statement, Identify how each transaction affects profit. If there is an Increase, select a *+" In the column or columns. If there is a decrease, select a "-" In the column or columns. If there is both an Increase and a decrease, select a *+/-" In the column or columns. The Iline for the first transaction Is completed as an example. Income Statement Balance Sheet Total Total Transaction Equity Profit Assets Liabilities 1 Owner invests cash 2 Seli services for cash 3 Acquire services on credit 4 Pay wages with cash 5 Owner withdraws cash 6 Borrow cash with note payable 7 Sell services on credit 8 Buy office equipment for cash 9 Collect receivable from (7) 10 Buy asset with note payable
Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from its March 31, 2022, balance sheet to complete the requirements. Computer services revenue Net sales (of goods) Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Required 1 Required 2 Complete this question by entering your answers in the tabs below. $ 27,275 19,083 46,358 12,572 18,807 89,252 97,520 123,464 Gross margin ratio Net profit main ratio 885 885 122,579 Required 3 Required 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. Note:…
vertical analysis. INSTRUCTIONS: Complete the condensed Statement of Financial Position and Income statement by indicating the correct percentages applying concepts in horizontal and YOUR FINAL REQUIREMENTS 2 of 3 STRUCTIONS: Complete the condensed Statement of Financial Position and Income ng the cost of p ontrol of cost. 1 f operations, p r social use of nd advice to a CANVAS Canvas Company GEMENT AC Statement of Financial Position December 31, Year 2 and Year 1 ting in whie d non-finat are provic known as (Php in thousands) ourrokt year year Year 2 Year 1 Horizontal Vertical and Qual ormation nd orec Current assets: Cash and marketable securities Analysis Analysis fet asp Accounts receivable, net ... 130 120 8.33% 180 7.2 Inventory.. 180 0% Prepaid expenses 170 55.55%. 4.8 180 Total current assets ... 20 20 500 500 20.% Noncurrent assets: ress Plant & equipment, net ns. 2,000 1,930 36.24 Total assets .. lon 2,500 2,430 8! 100% led Current liabilities: Accounts payable.. 130 160 5.2…
Please do not give solution in image format ? And Explain Proper Step by Step.
Describe the process of preparing an income statement and a balance sheet, including the specific elements and formulas used in each statement.
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Identify how each of the following separate transactions through 10 affects financial statements. For increases, place a "i" and the dollar amount in the column or columns. For decreases, place a"- and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) along with dollar amounts. The first transaction is completed as an example. Required: a. For the balance sheet, identify how each transaction affects total essets, total abilities, and total equity For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from Snancing activities. Transaction 1. Owner invest $300 cash in business in exchange for vock 2 Rives $700 cash for services provided 3 Pays $500 cash for employee wages & Buys $100 of equipment on cred 5 Purchases $200 af supplies on credit &…
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Create a new sheet named vertical analysis in the Excel workbook and insert the necessary equations or functions in related cells to calculate vertical analysis for the income statement and balance sheet. STATEMENT OF INCOME 2020-12-31 2019-12-31 2018-12-31 2017-12-31 Create a new sheet named horizontal analysis in the Excel workbook and insert the necessary equations or functions in related cells to calculate horizontal analysis for Sales 768,109,000 1,105,696,000 1,194,376,000 835,983,000 the income statement and balance sheet. Sales Cost BALANCE SHEET 12/31/2020 12/31/2019 12/31/2018 12/31/2017 Total Income 768,109,000 1,105,696,000 1,194,376,000 835,983,000 Current Assets 340,079,000 320,122,000 339,609,000 213,006,000 Other Revenues 93,982,000 131,089,000 152,641,000 150,176,000 Inventory 51,999,000 42,607,000 43,580,000 34,013,000 Total Revenues 862,091,000 1,236,785,000 1,347,017,000 986,159,000 Investments 95,638,000 85,161,000 39,987,000 52,329,000 46,970,000 36,647,000…