four basic financial statements for the Apple Corporation, accounting homework help

Examined the four basic financial statements for the Apple Corporation. Use the search tool here: http://sec.gov/edgar/searchedgar/companysearch.html. Answer the following ten questions about the financial statements. For the questions you are unsure about, provide a possible method for determining the answer (additional research, etc.).

Questions to ask about financial statements

1.  If this value has increased or decreased significant from last month/year, why?

Has this value increased or decreased from last year? Why?

2.  What are the amounts owing and to whom?

Has this value increased or decreased from last year? Why?

3.  Why does the Apple have a loan/loans? • When will the loan be re-paid?  If this value has increased or decreased significant from last year, why?

4.  Is revenue increasing or decreasing year-over-year?  Why?

5.  What is the risk for Apple if a contract is lost/cancelled?

6.   How long is the rental/lease commitment?  How long does this commitment extend beyond the term of the primary funding source?

7.  Is the increase/decrease in expenses from one year to the next proportionate to the increase/decrease in revenue?

8.  How does my cash flow compare with other years? Is there an increase or a decrease? What can I do to improve my cash flow?

9.  Which of my products or services are making the most profit? Is profits increasing or decreasing each year?

10.  How much does my business expect to earn in future? Is the value expected to increase or decrease?