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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the safety of financial institutions. Standard Value at Risk (VaR) model assumes that any quantity of securities can be traded without influencing market prices. In reality, most markets are less than perfectly liquid and many securities cannot be traded with ease in markets. This is especially true for emerging market economies where the process of financial sector reform and deepening is currently taking place. Despite episodic evidences of liquidity crisis in the Indian financial markets, risks
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unforeseen. He must make a huge decision for his corporation Kaspa Financial Services on whether or not to allow the companies front lobby to be turned into a triage center and the cafeteria a possible morgue. He has never had to deal with the magnitude of this situation and it was reported in the article that he had just attended training the prior month to discuss emergency response plans within the city of Boston. Coming from his financial background he knew about “market disasters” but is he really
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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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ordinary audit of financial statements is the expression of an opinion on: | | | Student Answer: | | the fairness of the financial statements | | | | the accuracy of the financial statements | | | | the accuracy of the annual report | | | | the balance sheet and income statement | | Instructor Explanation: | Chapter 6, p. 134. | | | | Points Received: | 5 of 5 | | Comments: | | | | 2. | Question : | (TCO F) If the auditor believes that the financial statements are not
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Financial Statements Paper Phillip Carter ACC/290 November 19, 2012 Michael Olsen Financial Statements Paper There are four basic financial statements involved in the basic accounting process. These reports summaries the financial activity of a company over a specific time period. The first of fore is the balance sheet. The balance sheet reports assets and claims to assets at a particular point in time. Claims to assets are divided into two categories; claims of creditors and of owners. This
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Statement of Virginia Winery Ltd……………………………………………………………3 Financial plan ………………………………………………………………………………………….3 Task 1 - Develop financial strategies. 1.1-a Assumptions on which the financial plan has been developed……………………………….5 1.1-b Financial objectives in terms of finance requirements………………………………………..5 1.1-c Funding arrangements………………………………………………………………………...6 1.1-d Financial information requirements…………………………………………………………..9 1.1-e Financial performance targets and indicators………………………………………………
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Suggested Questions 1. Identify the key problem in the case and explaining why it is the key problem. With a rapid growth in Mr. Clarkson Lumber’s business, and an anticipated future substantial increase in sales in the 1996, the problem for Mr. Clarkson was a shortage of cash and had found it necessary to increase it borrowing. Nonetheless the company had a consistent profitability, the company still had serious shortage with cash due to several reasons. The key problem for
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Disclosure……………………………………..19 Screening Ratio Analysis…………………………..……21 Potential Red Flags……………………………..………..25 Undoing Accounting Distortions…………..………...26 Ratio Analysis and Forecast Financials Financial Ratio Analysis……………………….……….27 Time Series Analysis…………………………...……...28 Cross Sectional (Benchmark) Analysis…….……..32 Financial Statement Forecasting Method..……...47 Analysis and Forecasting Solutions………..……...49 Valuation Analysis Method of Comparables……………………………….50 Cost of Capital…………………………………………….51
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set to 1% of the sales in the financial year. However, in 2012 - 2013 financial year, the provision for doubtful debts ($570,000) was set to 10% of the sales ($5,700,000), which was 10 times higher than the company accounting policy. There were a large number of debtors that exceeded 60 days where the company’s policy of credit terms is 30 days. In addition, there was 163% increase in total sales in 2012 - 2013 financial year ($5,700,000) than 2011 – 2012 financial year ($3,500,000). However, the
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