Company Apple (Discussion Question One)
Using the same company and annual reports that you chose for your week 1. -APPLE COMPANY -Reading and Using the Annual Report Case Study,
- Calculate the current ratio and quick ratio for the latest two years, obtain the industry average ratios from the Mergent Online database, or another outside resource of your choice, and analyze the results.
- The IBISWorld database is an accessible Library. This database contains industry reports and market research on more than 1,300 United States industries. The reports provide key data, financial ratios, and benchmarks, plus industry forecasts. Mergent Online allows comparisons between a chosen company and industry best practices.
- Discuss what each of these ratios tells you about the company’s current financial condition, and how they compare to the industry averages.
- Identify the major causes of any changes in these ratios and discuss your assessment of the company based on these changes.
- Review the balance sheet and the notes to the most recent financial statements, and identify any contingent liabilities.
- Discuss whether or not you agree with how the company chose to treat each contingency on the financial statements (i.e., recorded vs. disclosed, but not recorded).
- Discuss the effect on the financial statements of the company’s treatment of the contingency.
- Discuss whether the contingent liabilities change your assessment of the company.
Your initial response should be a minimum of 200 words. Students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource, in addition to the text.
(Discussion Two) APPLE COMPANY
You may consider using the same company and annual report that you chose for your WEEK 1 DISCUSSION, Reading, and Using the Annual Report Case Study. This choice will work only if the company is using the straight-line depreciation method. The company’s choice of depreciation method can be located in the notes to the financial statement in the annual report. If the company does not use this method or does not have long-term assets, you will need to choose another company. Select a company that a fellow student has not already posted.
Using your selected company’s financial statement,
- Calculate the average life, average age, and asset turnover ratios. Discuss what each ratio tells you in the context of your chosen company.
- Calculate the accounts receivable turnover ratio and convert that ratio into days. Discuss what each ratio tells you in the context of your chosen company.
Your initial response should be a minimum of 200 words. Students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource, in addition to the text.
Apple Inc Retrieved from:
Report of Ernst & Young Retrieved from:
https://yahoo.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?Links to an external site.SectionID=10973752-377625-381389&SessionID=K2J4eHhot2Fcjg7
