please help with accounting assignment regarding gathering public company's annual report and solve following questions....

50.1K

Verified Solution

Question

Accounting

please help with accounting assignment regarding gathering public company's annual report and solve following questions. Name of Corporation i chose: Apple. their financial statements are available via google search. their common stock price should be 189.87 USD. im not entirely sure what annual dividend is but on apple's website it says $0.25. please help with following using research.
Financial Statement Year-end Date: ?
Exchange where common stock is traded: Apple stock is traded on the NASDAQ Global Select Market under the ticker symbol AAPL.
Most recent price of common stock:
Latest annual dividend on common stock:
Read the business summaries and managements discussion and analysis. Summarize the remarks (e.g. poor operating results / reasons, expansions / sale of divisions):
Which certified public accounting firm examined the financial statements: Ernst & Young (EY) is the accounting firm that audits Apple's public financial statements. Apple has a policy of reviewing its accounting firm every five years. Did the auditors report indicate any problems or was the report unqualified?
COMPUTE THE TEN ITEMS INDICATED BELOW. WHERE DATA IS INSUFFICIENT INDICATE WHAT IS LACKING. SHOW ALL CALCULATIONS AND FORMULA USED. ALL CALCULATIONS SHOULD BE ROUNDED TO THE MOST SIGNIFICANT DIGITS:
1} Working Capital (Hint: Current Assets minus Current Liabilities)
2} Current Ratio
3} Quick Ratio
4} Gross Profit (Margin) Ratio
5} Profit Margin Ratio
6} Return on Equity
7} Earnings Per Share
8} Debt To Equity Ratio
9} Dividend Yield
10} Price / Earnings Ratio (use current price) Total current assets 128,416
Total current liabilities 123,822
net income: 22,956
Total net sales 89,498
Total shareholders equity 62,146
Common stock and additional paid-in capital, 0.00001 par value: 50,400,000 shares authorized; 15,550,061 and 15,943,425 shares issued and outstanding, respectively
Term debt under current liabilities 9,822
Term debt under noncurrent liabilities 95,281
Shares used in computing earnings per share: Basic 15,599,434

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students