Business Analysis II Joshua Dean MGT/521 6-25-2012 Alisa Fleming Business Analysis II This paper will discuss the financial health of Apple Inc. It will look at Apple’s own income statement, balance sheet, and cash flow along with looking at the company’s health compared to two of their competitors, Microsoft and Google. By comparing Apple to their competitors readers will be able to better understand the financial strength of Apple Inc. Apple’s financial statements only go through 2011 because their fiscal year finishes at the end of September and is released in late October. According to Apple’s balance sheet the debt to equity ratio is .51. This was found by dividing their liability of $39,756 billion by their equity of $76,615
28, 2013 | Sep. 29, 2012 | Sep. 24, 2011 | Net sales | $ 170,910 | $ 156,508 | $ 108,249 | Cost of sales | 106,606 | 87,846 | 64,431 | Gross margin | 64,304 | 68,662 | 43,818 | Operating expenses: | | | | Research and development | 4,475 | 3,381 | 2,429 | Selling, general and administrative | 10,830 | 10,040 | 7,599 | Total operating expenses | 15,305 | 13,421 | 10,028 | Operating income | 48,999 | 55,241 | 33,790 | Other income/(expense), net | 1,156 | 522 | 415 | Income before provision for income taxes | 50,155 | 55,763 | 34,205 | Provision for income taxes | 13,118 | 14,030 | 8,283 | Net income | $ 37,037 | $ 41,733 | $ 25,922 | Earnings per share: | | | | Basic | $ 40.03 | $ 44.64 | $ 28.05 | Diluted | $ 39.75 | $ 44.15 | $ 27.68 | Shares used in computing earnings per share: | | | | Basic | 925,331 | 934,818 | 924,258 | Diluted | 931,662 | 945,355 | 936,645
Retrieved February 19, 2011, from InvestorWords.com: http://www.investorwords.com/1637/e_commerce.html. Mision, Values, Vision. (n.d.). Retrieved February 13, 2011, from Small Business Notes: http://www.smallbusinessnotes.com/starting-a-business/mission-values-vision.html Online Gaming Stats (Infographic). (2010, May).
Return on common stockholders’ equity $29,946,992 - (2430872-15801332) / 200,000 = 82.9% * Solvency ratios 9. Debt to total assets $7,628,563 / 34,825,498 = 22% 10. Times interest earned 3,272,314 / 121,533 = 26.9 Riordan Manufacturing, Inc. Horizontal Analysis for the Balance Sheet Increase or (Decrease) 2010($) 2009($) Amount % Assets Cash $2,807,029 $1,511,253 $1,295,776* 46.1%* Account Receivables $2,695,342 $2,644,307 $51,035 1.9% Current Portion of Note Receivable $102,976 $117,475 ($14,499) (14.1%) Inventory $8,517,203 $7,123,790 $1,393,413 16.4% Deferred Income Taxes – net $0 $0 $0 0% Pre-Paid Expenses and other Items $402,240 $458,875 ($56,635) (14.1%) Total Current Assets $14,524,790 $11,855,700 $2,669,090 18.4% Liabilities Current Liabilities Current Portion of Long-Term Debt $474,032 $484,894 ($10,862) (2.3%) Accounts Payable $1,391,385 $1,636,923 ($245,538) (17.6%) Accrued
Retrieved from http://www.google.com/about/company/ Investor Relations. (2012). Company Profile – Costco Wholesale. Retrieved from http://phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol-homeprofile Reuters. (2012).
Linthicum, D. S. (2009). Cloud computing and SOA convergence in your enterprise: A step-by-step guide. Boston, MA: Addison-Wesley. Moffatt, M. (n.d.) Why are tariffs preferable to quotas? About.com: Economics.Retrieved from http://economics.about.com/cs/taxpolicy/a/tariffs_ quotas.htm O’Brien, K. J.
Final Marketing Plan 10/27/14 Robin Reis MKT/421 Introduction Did you know that, "In Apple's list of ground-breaking products are most notably the iPod, the iPhone and the iPad (Statitsa, 2014).”Apple Inc. has taken over the market of computer technology and software for years now. The company recently mentioned that they will be introducing a new product to the market, the Apple Watch. The watch will sport some intriguing features that are guaranteed to capture the attention of customers, when it finally ships and will be available in early 2015. The starting price of the Apple Watch will be $349 when it hits the market in the United States (Taylor,2014). Before the release of this product the company needs to complete competitive analysis of the organization, determine the target market, and
This ratio determines the rate and ability in which the company is able to pay its debts off. For Huffman Trucking the calculation would look like this for 2011: $94,520/$466 = 202.83 (Huffman Trucking, 2013). Liabilities and Shareholders' Equity Current Liabilities Accounts Payable $40,843 $45,381 Salaries & Wages 37,299
Problem 13-23A Financial statements for Pocca Company follow. (See Excel) Use the financial statements for Pocca Company from Problem 13-22A to calculate the following ratios for 2006 and 2005. Working capital Current ratio Quick ratio Accounts receivable turnover (beginning receivables at January 1, 2005, were $47,000.) Average number of days to collect accounts receivable Inventory turnover (beginning inventory at January 1, 2005, was $140,000.) Average number of days to sell inventory Debt to assets ratio Debt to equity ratio Times interest earned Plant assets to long-term debt Net margin Asset turnover Return on investment Return on equity Earnings per share Book value per share of common stock Price-earnings ratio
Accounting Assignment 2013 By : David Step One ….. all calculations are in $000’s $000’s | 2012 | 2011 | 2010 | 2009 | REVENUE | 419,812 | 413,131 | 373,144 | 344,150 | SALES | 418,981 | 411,652 | 372,120 | 343,078 | GROSS PROFIT | 418,981-175,843 = 243,138 | 411,652-171,256 = 240,396 | 372,120-164,789 = 207,331 | 343,078-145,275 = 197,803 | EBIT* | 19,491 | 21,532 | 16,667 | 21,164 | NET PROFIT | 16,103 | 18,218 | 12,331 | 15,649 | -TREND ANALYSIS- | | | | | SALES | 418,981/343,078 *100 = 122.1 | 413,131/343,078 *100 = 120.4 | 373,144/343,078 *100 = 108.8 | 100 | EBIT | 19,491/21,164 *100 = 92.1 | 21,532/21,164 *100 = 101.7 | 16,667/21,164 *100 = 78.8 | 100 | PROFIT | 16,103/15,649 *100 = 102.9 | 18,218/15,649