Financial Analysis, Apple Inc. For the fiscal year ended September 24, 2011 By Michael Sarkis 04/12/2012 Table of Contents Abstract 3 Background 3 Stock Performance 5 Ratio Calculations & Interpretations 6 Liquidity Ratios 6 I. Current Ratio 6 II. Quick Ratio 7 Asset Management Ratios 7 I. Inventory Turnover 7 II. Total Asset Turnover 8 Financial Leverage Management Ratios 8 Profitability Ratios 9 I. Gross Profit Margin Ratio 9 II. Net Profit
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Washington, D.C., Oct. 13, 2004 - The Securities and Exchange Commission today announced the filing of enforcement actions alleging fraud and other violations against Royal Ahold (Koninklijke Ahold N.V.) (Ahold) and three former top executives: Cees van der Hoeven, former CEO and chairman of executive board; A. Michiel Meurs, former CFO and executive board member; and Jan Andreae, former executive vice president and executive board member. The Commission also charged Roland Fahlin, former member
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CHAPTER 14 – LONG-TERM LIABILITIES [pages 782-840`] LEARNING OBJECTIVES 1. Describe the formal procedures associated with issuing long-term debt. 2. Identify various types of bond issues. 3. Describe the accounting valuation for bonds at date of issuance. 4. Apply the methods of bond discount and premium amortization. 5. Describe the accounting for the extinguishment of non-current liabilities. 6. Explain the accounting for long-term notes payable. 7. Describe the accounting
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solution SOLUTIONS TO EXERCISES AND CASES For FINANCIAL STATEMENT ANALYSIS AND SECURITY VALUATION Stephen H. Penman Fifth Edition CHAPTER ONE Introduction to Investing and Valuation Concept Questions C1.1. Fundamental risk arises from the inherent risk in the business – from sales revenue falling or expenses rising unexpectedly, for example. Price risk is the risk of prices deviating from fundamental value. Prices
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Apple, A Good Investment? 1. Provide a rationale for the U.S. publicly traded company that you selected, indicating the significant factors driving your decision as a financial manager. As the financial manager, I have decided to recommend to my investor that they invest heavily in the stock of Apple Incorporated. There are several reasons why I am going to advise my investor to invest in Apple Incorporated. The first of these reasons that have caused me to recommend Apple as a good investment
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Ratio | Calculation | Explanation | ROSReturn on Sales | Net Income / Sales | A measure of how much profit was created for every dollar of sales | Turnover(asset turnover) | Sales / Total Assets | The total sales generated in a particular year divided by the value of total assets for the same periodMeasures the amount of “activity” taking place in a business (how active the assets are in generating sales)The higher the use of these assets (ex: plant & equipment), the higher the level of this
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carried out differently in a number of ways. Maxis Berhad is an investment holding company which provides telecommunication, internet and corporate services. It engages in multiple activities and recognises revenue from these activities using the principles laid down in FRS 18. Revenue is recognised only when it can be measured reliably and the company is expected to receive economic benefits. The company also lays out particular conditions to apply revenue recognition to different activities. As
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Samantha Young Communication Case 2-3 February 19, 2013 1. When do prepayments occur? Accruals? Prepayments occur when the cash flow precedes either expense or revenue recognition. Accruals occur when the cash flow comes after the expense or revenue recognition. 2. Describe the appropriate adjusting entry for prepaid expenses and for unearned revenues. What is the effect on net income, assets, liabilities, and shareholders’ equity of not recording a required adjusting entry for prepayments
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What are some of the views on capitalization of leased assets? Some of the views on capitalization of leased assets make transactions seem much less stressful for the lessee. Most companies prefer to lease rather own simply because leasing is less costly than financing. Startup companies that try to get into business would rather lease in order to claim tax benefits that they otherwise would lose if they did not lease. It is a win-win situation for both the lessee and the lessor. When companies
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After the controller of Stern Corporation had ascertained the changes in accounts receivable and the allowance for doubtful accounts in 1998, a similar analysis was made of property, plant, and equipment and accumulated depreciation accounts. Again the controller examined the December 31, 1997, balance sheet [see Exhibit 1 of Stern Corporation (A)]. Also reviewed were the following company transactions that were found to be applicable to these accounts: On January 2, 1998, one of the factory machines
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