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Financial Ratio Analysis for Apple Corporation
Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft®Office® website. There are also additional tutorials via the web that offer support for office products.
Select one of the publicly traded corporations listed below and obtain the most current SEC Form 10-K (annual financial report) from the company's web site (Do not use the Annual Report that is sent to shareholders):
- Lowes Corporation
- Kroger Corporation
- Harley Davidson Corporation
- Apple Corporation
- Intel Corporation
- Marriott Corporation
- Berkshire Hathaway Corporation
- PepsiCo Corporation
- Procter and Gamble Corporation
- General Electric Corporation
Calculate and analyze the following ratios for your selected company for the last two years from the SEC Form 10-K:
- Current Ratio
- Inventory Turnover
- Debt Ratio
- Time Interest Earned
- Gross Profit Margin
- Equity Multiplier
- Return on Assets
- Net Profit Margin
- Return on Equity (Use three ratio DuPont method)
Compare and contrast your company's ratios to industry and competitor standard ratios obtained from Yahoo Finance, Morningstar, MotleyFool, Macroaxis or other Internet sources, and provide a detailed answer and analysis as to why your company's ratios are different than the industry/competitor standard.
Prepare your analysis in a minimum of 875 words in Microsoft® Word. The use of Microsoft®Word tables is encouraged.
Cite the source of the industry/competitor ratio information.
Format your assignment consistent with APA guidelines.
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industry *** competitor ******** ****** ******** **** ***** ******* *********** ********** ********* ** ***** ******** ******* *** ******* a ******** ****** *** analysis ** ** *** your ********* ****** *** different **** *** ******************* ******************* ******** ** * ******* ** *** ***** ** *************** *** *** of Microsoft®Word ****** ** encouragedCitethe ****** of *** industry/competitor ***** ********************* assignment ********** **** APA ********************* ***** ******** for ***** ******************************** * company’s financial statements **** ******* ******* ** the company’s ********* *** ********** Understanding *** ********* *********** of a ******* ***** guide ************ ******** ********* ******* *** ******* ********** ** ****** crucial decisions **** analysis ** ********* using ******* financial ****** ***** on values reported ** *** *********** ****** ********* ****** *** ********** and ******** ********** (SEC) **** **** ** ********* annual and is a ***** resource for ********* information **** ** calculate *** ******* ********* ****** for *** ********** values *** ** compared ** ******** year’s values to identify ******** or areas for improvement The ****** *** also ** ******** to industry and competitor ****** ** ******* ******* into *** the ******* ** ********** ****** its ******** This ***** **** analyze ***** *************** *** 10-K ******* for **** *** **** *** calculated ****** will ** ******** *** ******** ** other ******** **************** *** Analyze *** Current ******** ******* ***** ** an ******** ** the *********** ******* ****** *** *********** *** ***** ** ****** ** *********** *** company’s ******* ** *** ********** *********** **** ** ********* *** production costs “Becausecurrentassets *** *********** are ** ********* ********* ** **** **** *** ********* ** months ********** ratiois * ******* ** ********** ************ ***** 2016) This *********** ** ****** to lenders *** creditors ** *** **** basic ***** *** ratio identifies ** * ******* ********** all *** current ****** ***** ** be **** to *** *** ** *** current liabilitiesCurrent ***** ** ********** using the ********* *************** ***** * Current ************** ******************** *********** ***** ****** were $321686 ********** *** Current ***** *********** **** ******* ********** *** 2016 Current Ratio ** *************** * 166Apple’s 2015 Current ***** Assets were ****** ********** *** ******* Total *********** **** $170990 ********** *** 2015 ******* ***** *** $290479/$171124 * ****** ***** values of *** *** 170 are **** ***** the number * ***** ********* *** ********* strength ** *** ******* and *** ability to *** ********** liabilitiesThe ratio was relatively *** **** *** both **** *** 2016 which ***** stability *** ***** was ******** lower *** **** ***** ***** have **** ******** ** * ****** increase ** ***** liabilities ** ********* in ***** ****** ** the ****** *** company ****** ***** ** ********* ****** *** ******* liabilities ** increase *** ******* ***** valueCalculate *** ******* *** ********* ******** ** ** ********* ** calculate and ******* acompany’s ********* ******** **** ******* ** ******* ** ******** *** *********** ** *********** * **** uses its ****** ** ******** ***** (Ross ***** ** the ***** ******* ** 2015 Apple’s ********* ******** **** *** 6091 *** 5989 ** the first ******* ** **** **** ***** ** ********** by taking *** **** of ***** sold *** dividing ** by *** ********* ** ******* Apple’s ********* turnover ***** is 6255 ****** **** 2017) ** long ** the firm ** *** ******* *** ** stock *** ******* forgoing ***** *** ****** *** ratio ** *** more *********** *** **** ** managing *** ********* ***** ***** ****** Apple’s ********* turnover *** ******** ***** ** *** first quarter ** 2016 than **** ** 2015 Apple’s *** ******* ** **** within *** *********** ******* ********* turnover **** ***** *** ****** focus ** ****** **** ***** ****** ** order ** ****** **** of *** **** ** ***** *** ******** * **** ********* turnover ************** *** Analyze *** **** ***** The total **** ***** takes **** ******* *** debts ** *** maturities to all creditors and can ** ********** as so: ****** assets *** ***** ************* ****** ***** ***** ** **** ********* ********* **** *** ******** ******** go ** ******* **** ** ****** *** **** to ******* *** and ******** ******** **** In 2016; **** ** ****** *** **** to ******* *** and interest ******** **** ***** ******* debt to ****** **** ** ******* *** ******** ******** ratio ************ **** **** ** **** ************* **** *** ******** Analysis"2017)Calculate *** ******* *** **** ******** ********** ** always ********** by ******** the income ****** ******** **** the ****** taxes by *** help of *** interest expense The ****** ****** *** ***** ** *** ****** statement ******* ***** *** ******** ******* *** ********** ****** taxes *** frequently ******** in ******** from *** ******* ********* ******** for ******** matters *** formula **** as *** ** **** ** concerned ** ** follows;Times ******** ****** Ratio * ****** ****** Interest *** Taxes ** **** Interest ExpenseFor *** **** 2016 it **** ** ***** ** **** = ******* *** **** 2015 it **** be ***** ** *** = ******* bigger ****** are ******** ********** ** ** **** ********* ******** to *** ******* ones following *** ******* of ******** ****** *** ****** *** *********** time *** *** *** *************** ******** ******** CalculationsItemSep ** ******* ** ******* ******************** ****** tax ********************* ******** ********************** ****** ******** and *** (EBIT)6282873248Interest *************************** *** ******* the Gross ****** MarginThis is **** ** * ****** ** rather *** ********* metric that ** very ********* ** the *********** ********* health *** ******** ***** by ****** a **** ** the ********** ** money that ******* **** *** ***** ******* ***** auditing the **** ** goods **** ****** ***** ** *** as well ** called *** ***** ****** *** ****** ********** ** dividing the entire gross profit by revenues *** ******* **** ** **** in its *********** is ** *********** Profit ****** * ******** – **** of ***** ***** ********** *** **** **** it will ** ************ * ****** ** 3908%For *** year **** it will ** ************ = ****** ** 4006%Apple’s Gross Profit ************* 24 2016Sep ** 2015Gross ******************* ********************** Profit *************************** *** ******* *** ****** ************* **** *** Total ****** and ***** Stockholders’ ******************** ****** **** *** Total ****** *** ***** *************** ******************** ************ *** ******* *** ****** on AssetsTotal ****** 2015/2016(290345+321686) ** = ************ ** ******************* 872 ********** *** ******* *** *** ****** ********* 2015 *** Net ****** *** ****** *** ***** were $233715$53394 * ******* * ******** **** the *** ****** *** ****** *** ***** **** ************* * ******* * ************** *** Analyze *** Return ** Equity ***** *** ***** ***** DuPont ********** * ****** * ***** * ***** * ********* = ****** x ***** x ***** * ************ *** ******** ********* ****** to Industry and ************** ************* *********** Financial ***** Analysis *** **** and 2016Item20162015Current ******************** ******************** *********** ********** 040Interest ******** 4315Equity ********** *********** ******** ******** ******** ******************* ****** ********************** ********************** of ************* Profit Margin2119%2285%Return ** ****** (three ratio ****** ************************** ********** ******* **** *** **** ********* ******* *** Apple **** **** *** company *** **** performance *** ********** ****** between *** ***** Also ** important ***** ** add **** is the **** that *** *** ***** are **** ********* ** ********** ******* *** anything ****** ********** with *** Dupont system ***** ** 2015 sold ************* ***** ** **** **** ****** ******* ***** ********* ***** Here ** *** obviously *** **** ***** *** much ****** ** 2016 ******** ** **** ** ***** ***** ***** **** in **** **** ********** else **** into ***** **** as ****** equity ** ***** ***** along with the ****** ** ****** **** ** **** *** **** compared to *** ***** corporations ***** has **** *** ****** **** ******* ************** **** Current ***** Assets are 262174324000 *** ******* Total Liabilities *** 69211291000for * ******* ***** ** *** ****** ******* ***** ********* 2016 ******* ***** ****** *** ******** and ******* Total *********** *** ******** *** a ******* ***** of *** (Yahoo Finance 2017)ConclusionThrough *********** ** Apple’s financial ********** ** ******** insight ** *** company’s ********* and weaknesses **** type ** ******** **** **** ************ ******** ********* ******* *** ******* ********** ** *** decision ****** ******* By identifying trends and *** ******* ********* state ** *** ******* ********* *** ** **** for future ********* ***** *** ****************** Apple’s *** 10-K form *** ********** financial ratios to ******** ***** *** to other ******** leaders is invaluable *** ****** successReferencesApple ****************** **** *************************************************************** * ***** * ****** * ***** ******** K ****** **************** ****** the ******** ************* cost ****** ****** ****** *** ***** ******** ************ ** ********** ***** 46-57Hotelling S * ***** ***** * * ****** ** ****** No ******* ********** *** ** Patent and ********* OfficeLong-term Debt *** Solvency *********************** from ************************************************************************************************* (2017) ***** *** (AAPL) ******* ***** * *** ********* April ** **** **** ****************************************************************** * * *********** * * ***** Jordan B D ****** ************ ** Corporate ******* (11th *** *** **** NY: *********** EducationYahoo ******* ****** Nokia Corporation ******* Sheet ********* ************************************************************ Finance ****** Samsung *********** ** ******* Sheet ********* ***********************************************************************
